Mixed-Use Retail and Residential
900 Blackhawk Blvd South Beloit, IL 61080
For Sale
Contact for pricing
Three-parcel mixed-use property includes a retail building, a 2-family apartment building, and an adjacent parking lot.
Property Size780 SF
Price / SF$397.44
Days on Market71
Property Features for 900 Blackhawk Blvd
General Information
Standard status
Active
Size
780 SF
Property subtype
RETAIL
Listing Agency:
GAMBINO REALTORS-Rkfd
(815) 703-6677
Listed By:
Tom Ewing CCIM, CPM, RPA, MCR
(815) 703-6677
Source:
Moodyscre
Added: May 21
Changed: Jul 27
Last Checked: Jul 29 at 2:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GAMBINO REALTORS-Rkfd
Investment Insights
Based on property information with market context.
This multi-parcel mixed-use offering includes a retail building, a two-family apartment building, and an adjacent parking lot. The retail component is a 780 SF structure currently operating as a slot machine parlor. The residential component consists of a 2-family apartment building with a detached garage, providing separate rental units within the same overall property.
The parcels are located along Blackhawk Boulevard in South Beloit and include strong commercial frontage and visibility for the retail use, along with additional parking to support on-site operations.
In total, the combination of retail and residential income components plus the included parking lot creates a flexible setup for both investor and owner-user strategies.
The parcels are located along Blackhawk Boulevard in South Beloit and include strong commercial frontage and visibility for the retail use, along with additional parking to support on-site operations.
In total, the combination of retail and residential income components plus the included parking lot creates a flexible setup for both investor and owner-user strategies.
Key Highlights
- Three‑parcel mixed‑use property in South Beloit with retail, residential income, and an adjacent parking lot.
- 780 SF retail building currently operating as a slot machine parlor with frontage along Blackhawk Boulevard.
- 2‑family apartment building plus a detached garage for added residential utility and storage.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.8k | $21.60 |
| − Vacancy | −$438 | −$0.56 |
| EGI | $16.4k | $21.04 |
| − OpEx | −$4.9k | −$6.31 |
| NOI | $11.5k | $14.73 |
780 SF · lease $21.60/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$164.1K
$143.6K – $191.5K
NOI $11,487 @ 7.0% cap · market cap 3.71%
Second Best
Multifamily LT 5
$110.6K
$96.8K – $129.0K
NOI $7,742 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$212.6K
$186.0K – $248.0K
NOI $14,882 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Three-parcel mixed-use property includes a retail building, a 2-family apartment building, and an adjacent parking lot.
Where is this duplex located?
The property is located at 900 Blackhawk Blvd South Beloit, IL.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Three‑parcel mixed‑use property in South Beloit with retail, residential income, and an adjacent parking lot.; 780 SF retail building currently operating as a slot machine parlor with frontage along Blackhawk Boulevard.; 2‑family apartment building plus a detached garage for added residential utility and storage.
