Shirland Avenue Strip Mall | 1200 Shirland Ave
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Shirland Avenue Strip Mall 1200 Shirland Ave
41,804 SF 60% Leased Retail Building South Beloit, IL 61080 $650,000 ($16/SF) 5.17% Cap Rate
Investment Highlights
- Busy Frontage Road
- Long Standing Tenants
- Over 16,000 sq ft. of additional vacant space.
- Near Booming Downtown
- Possibility to add Laundry Mat
Executive Summary
This commercial retail mall has plenty of income opportunity along with over 16,000 sq ft of vacant space that can be leased out for even more cash flow. Located on busy Shirland Ave, the current businesses drive traffic and revenue. The Stateline area is a growing and opportunities are expanding. Minutes from downtown Beloit, this area holds fantastic investment opportunity.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
41,804 SF
Building Class
B
Year Built
1964
Price
$650,000
Price Per SF
$16
Cap Rate
5.17%
NOI
$33,600
Percent Leased
60%
Tenancy
Multiple
Building Height
1 Story
Building FAR
5.05
Lot Size
0.19 AC
Zoning
Commercial Retail - Commercial Retail
Parking
51 Spaces (1.22 Spaces per 1,000 SF Leased)
Frontage
475 FT on Shirland Ave
Amenities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Prime Space in South Beloit, IL
| Space | Size | Space Use | Position | Available |
| 1st Floor | 16,696 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 16,696 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1st Floor
| Size | 16,696 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Prime Space in South Beloit, IL
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 04-06-177-004 | Total Assessment | $14,175 |
| Land Assessment | $5,134 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $9,041 | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
04-06-177-004
Land Assessment
$5,134
Improvements Assessment
$9,041
Total Assessment
$14,175
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022
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Shirland Avenue Strip Mall | 1200 Shirland Ave
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