4843 Bluestem RdRoscoe, IL 61073

  • Commercial real estate
  • 15,750 SF
For Sale
$2,576,500 View listing

Property Details for 4843 Bluestem Rd

Year built
2000
Property size (Sq ft)
15,750 SF
Property type
Commercial real estate
APN
04-29-428-008
APU
429428008

Description

This exceptional investment opportunity presents a single-tenant, absolute NNN leased retail property located at 4843 Bluestem ROAD, Roscoe, IL 61073. The property, built in 2000, boasts a 2.3-acre lot with approximately 83 parking spaces, and features a single-story, 100% occupied building. The current tenant is a major pharmacy chain with an investment-grade credit rating (S&P: BBB) and a full corporate guarantee, ensuring strong cash flow. The lease has approximately 7 years remaining, providing long-term stability. The property generates a substantial net operating income (NOI) of $231,885, resulting in a compelling 9.00% cap rate. The property benefits from a prime location near N 2nd St (approximately 27,800 vehicles per day), strong local and national retail competition (including Schnucks, Subway, Dollar General, McDonald's, and Burger King), and proximity to a new Starbucks. The surrounding area demonstrates robust demographics, with an average household income of $139,885 within one mile and a total population exceeding 154,652 residents within a five-mile radius. Further enhancing the property's value are the excellent local schools and ongoing downtown redevelopment projects. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant upside potential. The asking price is $2,576,500.

Location Insight

City
Roscoe
County
Winnebago
State
Illinois
Latitude
42.4328
Longitude
-89.0227
CBSA code
40420
CBSA name
ROCKFORD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$256,568
$419,827
$676,395
-
$769,704
$1,259,481
$2,029,185

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