5815 E Riverside Blvd
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5815 E Riverside Blvd
10,482 SF 100% Leased Retail Building Rockford, IL 61114 $1,795,000 ($171/SF)
Investment Highlights
- Riverside Commons Retail Center at E. Riverside Blvd. and N. Mulford Rd.
- Easy access with full traffic light.
- Well maintained building with ample parking.
- Adjacent to Rockford Ortho complex.
- Seven storefronts, each with an ADA bathroom.
- Long term tenants include Affordable Dental, HR Block, GOODFEET Store and EYEDEAL Optical.
Executive Summary
Riverside Commons Retail Center at E. Riverside Blvd. and N. Mulford Rd., adjacent to Rockford Ortho complex. Easy access with full traffic light.Seven storefronts, each with ADA bathroom.Well maintained building with ample parking. Long term tenants include Affordable Dental, HR Block, GOODFEET Store and EYEDEAL Optical.Gross scheduled rents and total expenses are estimated for 2025, based on current leases. Potential for increased income.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
10,482 SF
Building Class
C
Year Built/Renovated
1985/1995
Price
$1,795,000
Price Per SF
$171
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.09 AC
Zoning
C2 - Limited Commercial
Parking
50 Spaces (4.77 Spaces per 1,000 SF Leased)
Frontage
204 FT on Riverside Blvd
Amenities
- Corner Lot
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 12-04-426-002 | Total Assessment | $361,766 (2022) |
| Land Assessment | $82,618 (2022) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $279,148 (2022) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
12-04-426-002
Land Assessment
$82,618 (2022)
Improvements Assessment
$279,148 (2022)
Total Assessment
$361,766 (2022)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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5815 E Riverside Blvd
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