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1204 12th Avenue , Rock Falls, IL 61071

Price: $700,000.00

Property

Subtype: Commercial

Area: OT-E (East of I-380)

Lot Size: 157,974

Acres: 3.6300

Year Built: 1999

Zoning: Comm

Gross Tax: 18,914

County: Whiteside

Utilities

Electric, Gas

Heating: Central Air,Central Heat,Gas Heat

Cooling: Central Air,Central Heat,Gas Heat

Building

Total Building Sq Ft: 10,440

Ceiling Height: 11ft-14ft,15ft-20ft

Floor Type: Concrete Slab

Lease Terms

Tenant Pays: Re Tax, Insurance, CAM, Improvment, Janitorial, Heating, Water, Electricity, Trash Collection

Net leased property to Bimbo Bakeries USA, Inc. Distribution warehouse with large parking lot. Construction is clear span steel with a standing seam steel roof. Four double overhead doors, two semi-loading docks, signage. New roof coating in 2020. NOI of $54,810; 7.83% Cap Rate. 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.

Listing Agent: Doug Laird Office: SKOGMAN REALTY COMMERCIAL Data courtesy of Cedar Rapids Area Association of Realtors MLS