SVN is pleased to present Loves Park Plaza located at 6125 N. 2nd Street a ±13,072 SF Retail Strip Center and ±1,706 SF Storage Garages on 1.20 AC in Love's Park, Illinois. This 7-unit retail center is 100% Occupied, masonry construction and well maintained. Recent improvements include new gutters and painting on North and East side, replacement of 5/6 HVAC units, parking lot seal coating/stripping, LED pylon signage. Additional income with 6 storage units leased in rear parking lot. Highly visible with 162' frontage along N. 2nd Street and near Interstate 90. TIF District and Enterprise Zone.
Loves Park is a city in Winnebago County, Illinois and part of the Rockford Metropolitan Statistical Area. Loves Park is approximately 85 miles northwest of Chicago. This area is along the Rock River and easy access to interstate I-90 and I-39.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
