3307 Charles Street
Rockford, IL 61108

Status: Active
Retail/Stores
0 beds
0 baths
1,820 sq.ft
Listing Price: $850,000

About this home

Property Features: ***Leased NNN 7 Cap: This property boasts a triple net lease with a cap rate of over 7% ensuring a lucrative return on investment. ***Branded Gas Station: A well-established and recognized brand, attracting loyal customers and ensuring consistent business. ***Tenant Operator in Place: An experienced tenant operator is already in place, providing immediate income and seamless operations. ***High Traffic Location: Situated on a bustling street, this gas station benefits from high visibility and a steady flow of both local and transient customers. It's near major stores, increasing foot traffic and sales potential. ***Solid Brick & Cinderblock Building: A durable and robust structure made of solid brick and cinderblock, ensuring longevity and low maintenance costs. ***Spacious Lot: Ample parking space and easy access for vehicles of all sizes, ensuring a convenient and efficient experience for customers. ***Modern Fuel Pumps: Equipped with state-of-the-art fuel dispensers, offering regular, mid-grade, and premium gasoline options, as well as diesel. ***Convenience Store: A well-stocked neighborhood convenience store featuring a variety of snacks, beverages, and essential items, providing additional revenue streams. ***Restroom Facilities: Well-maintained bathroom facilities for customer convenience. ***Security Features: Comprehensive security system with surveillance cameras and well-lit premises for safety and peace of mind. ***Excellent Accessibility: Located near major highways and local roads, ensuring easy access for commuters and long-distance travelers alike. ***Growth Potential: Opportunities to expand services and offerings, such as adding a car wash, expanding the convenience store, or introducing food services. Location Highlights: ***Proximity to Amenities: Close to residential neighborhoods, schools, shopping centers, and dining establishments, attracting a diverse customer base. ***Rockford Community: Situated in a vibrant and growing community known for long term residents and strong economic prospects. ***Strategic Position: Located in Rockford, one of Illinois' key urban centers, known for its rich history and strategic position within the state. Don't miss out on this incredible opportunity to own a profitable gas station in a prime Rockford location. Whether you're an experienced investor or looking to enter the market, 3307 Charles Street gas station offers the perfect blend of location, amenities, and growth potential. Contact Us Today!

Property details

School / Neighborhood, Utilities, Financing, Location Details
Air Conditioning Central Air
Area Major Rockford
Zoning Type RTAIL
Directions Take East State Street (Pass by Subway (on the right in 2 mi) Turn left onto Fairview Ave. Turn right onto Wind Point Drive. Turn left at the 2nd cross street onto 29th St. Turn left onto Charles St. Destination will be on the right.
Electricity Circuit Breakers
Location Mixed Use Area, In City Limits
Township Rockford
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Approx Year Built 1962
ConstructionMaterials Brick
Exterior Building Type Frame
Property / Lot Details
BuildingAreaTotal 1820
Lot Dimensions 26.51X146.24X200.3
Fire Protection Other
FrontageType City Street
LotSizeSquareFeet 16117
PropertySubType Other
Property Type Retail/Stores
Interior Features
Heat/Ventilation Other
Stories 1

Financials

Financial Amounts for Individual Spaces (Rental Only) No
Financial Amounts for Total Building (Rental Only) Yes
Investment Yes
Net Oper Income $61,000
Investment Profile Commercial Sale

Tax/Assessments/Liens

PIN 1230453001
Taxes $8,899
Tax Year 2023
$850,000 Listing Price:
MLS # 12101993
Investment Profile Commercial Sale
Listing Market Time 153 days
Basement
List Date 07/04/2024
Year Built 1962
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