(815) 222-8866

REMAX Property Source
6072 Brynwood Drive
Rockford, IL 61114

528 W Lincoln Avenue, Charleston, IL 61920

Listing ID 11393445 

Price $4,600,000 

Rockford Real Estate


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528 W Lincoln AvenueCharleston, Illinois IL61920


StatusActive
SqFt 69,338
CountyColes
Year Built1982
Property TypeCommercial Sale
Description

69,338 SF KROGER GROCERY ANCHORED VALUE-ADD CENTER. 85.35% Occupied Retail Center. Add-Value Opportunity & Cap Rate Growth w/ Significant Upside Through Leasing the Remaining Vacant Spaces. National Credit Tenants in Place. Kroger Corporate Guarantee: Operating As Ruler Foods. Outstanding Frontage & High Visibility Site. Multiple Easy Points of Ingress & Egress. Well Maintained Building w/ Recent Renovations in 2020. New Modified Bituminous Roof & Parapet Metal Cap (West Building) - 20 Yr Warranty. 30 New Roof-Top HVAC UNITS. New Stucco Facade (West Building). Re-Surface Entire East Building Roof - 20 Yr Warranty. Repaved Rear Service Drive. Internet Resistant. Located Just West of Eastern Illinois University. Situated on Major Retail Corridor Surrounded By Numerous National & Regional Retailers. Nearby I-57 & Coles County Memorial Airport. Priced Well Below Replacement Cost @ $66.34 Price Per SF!!! Priced to Sell @ 8.4% Cap Rate!!!

© 2022 Midwest Real Estate Data, LLC (MRED). The listing information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MTP or MRED. Listings courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID as of Tuesday, September 27th, 2022 at 12:40:24 PM. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties displayed may be listed or sold by various participants in the MLS as established by the applicable MLS Governing Documents.
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Contact - Listing ID 11393445


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Barbara Erdmier

6072 Brynwood Dr
Rockford, IL 61114
Phone: 8152228866
Phone Alt: 8152228866
Fax: 8152318355

Barbara Erdmier

6072 Brynwood Dr
Rockford, IL 61114
Phone: 8152228866
Phone Alt: 8152228866
Fax: 8152318355
Contact

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