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1204 12th AVE Rock Falls, IL 61071
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Key Details
Sold Price $650,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 10,440 sqft
Price per Sqft $62
MLS Listing ID 2103516
Sold Date 07/07/22
HOA Y/N No
Total Fin. Sqft 10440
Year Built 1999
Annual Tax Amount $18,914
Lot Size 1.590 Acres
Acres 1.59
Property Sub-Type Retail
Property Description
PRICE REDUCED! Triple-Net leased property. Bimbo Bakeries USA, Inc. has been Tenant since 1999. Net Operating Income of $54,810; 8.2% Cap Rate. Distribution warehouse with large parking lot. Four double overhead doors (22' x 12'), 14' sidewalls, two semi-loading docks, signage. New roof coating in 2020. Parking lot sealed and striped 2021. Great location at signalized intersection of 12th Ave and old Hwy 30 in Rock Falls. Co-owner is a licensed Realtor in the State of Iowa.
Location
State IL
County Whiteside
Area Ot-E (East Of I-380)
Zoning Comm
Interior
Interior Features Storage
Heating Central, Gas
Cooling Central Air
Flooring Concrete
Fireplace No
Window Features Display Window(s)
Exterior
Parking Features Off Street
Utilities Available Electricity Available, Natural Gas Available
Water Access Desc Public
Roof Type Metal
Building
Building Description Stone Veneer, Loading Dock,Overhead Doors,Private Restrooms,Pole Sign,Single-Tenant
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Stone Veneer
Others
Tax ID 1133104032/1133104023
Security Features Security Lights
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
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Bought with Cedar Rapids Area Association of REALTORS