5642 2Nd StLoves Park, IL 61111

Property Details for 5642 2Nd St

Year built

1961

Construction

STEEL FRAME

Lot size

1.20 AC

Property size (Sq ft)

15,009 SF

Zone code

CR

Property type

Office properties

APN

11-01-476-018

APU

1101476018

Description

This exceptional Phoenix office property at 5642 N 2nd St offers a unique blend of traditional, coworking, and creative office spaces, totaling 15,009 square feet. Currently, 5,024 square feet are available for lease, presenting a significant opportunity for a growing business. The building's versatile design caters to diverse needs, featuring updated private offices, generously sized conference rooms, a welcoming reception area, fully equipped kitchenettes, and modern restrooms. The ample square footage allows for comfortable expansion and efficient workflow. The property is zoned CR, providing flexibility for various business types. The multiple tenancy structure allows for a variety of leasing options, making it ideal for businesses of all sizes. This is a rare opportunity to secure a well-maintained, adaptable office space in a desirable location. The property's modern amenities and spacious layout create a productive and inviting work environment. The available space is ready for immediate occupancy, offering a seamless transition for your business. Don't miss this chance to establish your presence in this vibrant area. Inquire today to learn more about leasing options and explore the possibilities this exceptional property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $2,710,053

  6.5%

  $2,501,588

  7%

  $2,322,903

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,523,762

  Geo Method

  $1,954,922

• Alternative Use

  Use

  Valuation

  Residential

  $3,101,968

  Hospitality

  $2,841,386

  Educational

  $2,364,000

  Medical

  $2,445,302

  Retail

  $3,677,334

Location Insight

City

Loves Park

County

Winnebago

State

Illinois

Latitude

42.3136

Longitude

-89.0586

CBSA code

40420

CBSA name

ROCKFORD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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Please email our support team at [email protected] and they will add the team member.

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