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Mixed-Use

Rockton Granary

151 Hawick St, Rockton, IL 61072

Listing Price: $2,200,000

Cap Rate
6.06%
Number of Units
16
Occupancy
100.0%
Price/Unit
$137,500
Price/Gross SF
$91.67
Gross SF
24,000

Investment Overview

Marcus & Millichap is pleased to present 151-181 Hawick Road in Rockton, Illinois. This is a mixed-use property consisting of eight apartment units and eight commercial units. Rockton is in Winnebago County near the border of Illinois and Wisconsin. The area provides convenient access to State Road 2 which is a direct thoroughfare North towards Beloit (5-miles) and South towards Rockford (13-miles). The property was completed in 2006 featuring ample off-street parking as well as street parking available for retail customers. This offering consists of eight retail spaces and eight residential. All retail spaces are leased with tenants including The Mix, Country Insurance, After the Vine, Edward Jones, Sanctuary Spa, and Healing Touch. The eight apartment units are fully leased as well featuring a mix of two-bedroom units, all 2,000 square-feet in size, three of which are loft style, and one unit has a fireplace. All apartments are condo quality with exceptional finishes and feature indoor garage parking/storage space. In addition to the eight two car garages, there are twelve off street parking spaces for the tenants. The property is positioned near the corner of Main St. (5,300 VPD) and Blackhawk Blvd. (7,200 VPD). Within five miles of the location, the 2020 population was 54,000 with 22,030 housing units about ¼ of which are rentals. This property offers investors the opportunity to acquire a fully occupied, mixed use property, in a stable market.

Investment Highlights

  • Condo Quality Apartments
  • Eight, Two-Car Garages
  • Average Household Income Within Three Miles Close to $90,000

Exclusively Listed By

Listing Price: $2,200,000

Cap Rate
6.06%
Number of Units
16
Occupancy
100.0%
Price/Unit
$137,500
Price/Gross SF
$91.67
Gross SF
24,000

Investment Highlights

  • Condo Quality Apartments
  • Eight, Two-Car Garages
  • Average Household Income Within Three Miles Close to $90,000

Investment Overview

Marcus & Millichap is pleased to present 151-181 Hawick Road in Rockton, Illinois. This is a mixed-use property consisting of eight apartment units and eight commercial units. Rockton is in Winnebago County near the border of Illinois and Wisconsin. The area provides convenient access to State Road 2 which is a direct thoroughfare North towards Beloit (5-miles) and South towards Rockford (13-miles). The property was completed in 2006 featuring ample off-street parking as well as street parking available for retail customers. This offering consists of eight retail spaces and eight residential. All retail spaces are leased with tenants including The Mix, Country Insurance, After the Vine, Edward Jones, Sanctuary Spa, and Healing Touch. The eight apartment units are fully leased as well featuring a mix of two-bedroom units, all 2,000 square-feet in size, three of which are loft style, and one unit has a fireplace. All apartments are condo quality with exceptional finishes and feature indoor garage parking/storage space. In addition to the eight two car garages, there are twelve off street parking spaces for the tenants. The property is positioned near the corner of Main St. (5,300 VPD) and Blackhawk Blvd. (7,200 VPD). Within five miles of the location, the 2020 population was 54,000 with 22,030 housing units about ¼ of which are rentals. This property offers investors the opportunity to acquire a fully occupied, mixed use property, in a stable market.

Exclusively Listed By

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