1602-1650 N Bell School Rd - Storefront Retail/Office FOR SALE


Rockford, IL 61107
$1,773,000 USD
630-418-1538
1602-1650 N Bell School Rd, Rockford, IL for Sale
$1,773,000 USD
Storefront Retail/Office - FOR SALE
1/18
null | 8% Cap Rate

1602-1650 N Bell School Rd
Rockford, IL 61107


OVERVIEW

The Bell School Plaza is a 10,000-square foot shopping center constructed in 2005, and situated on 1.31 acres in Rockford, Illinois. Bell School Plaza is 100 percent occupied with a great mix of internet resistant and service-oriented tenants. There is a total of nine retail units that are occupied by Vanakkam India, PRIM Salon, J Pilates, and Verace Appraisal. Vanakkam India is an anchor tenant in the center and just signed a new five-year lease showing commitment to the space. Restaurant equipment is owned by the landlord and cost roughly $650,000 at the time of purchase. Over 71 percent of the center’s leases do not renew until 2028.

FOR SALE DETAILS

PRICE

$1,773,000 USD

PRICE/SF

$177 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1608 N Bell School Rd

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

C-1

APN/PARCEL ID

12-14-328-001

ASK ABOUT THIS PROPERTY

Patrick SuffieldMarcus & MillichapMore Info
630-418-1538

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Patrick SuffieldMarcus & MillichapMore Info
630-418-1538

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.