October 29, 2021 – Logan Barnett of Horvath & Tremblay has successfully completed the sale of the 6246 E Riverside Blvd in Loves Park, Illinois. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,400,000.
6246 East Riverside Blvd in Loves Park, Illinois is a mixed-use, multi-tenant retail and office building of 15,879 square feet on a 1.51-acre lot. 6246 East Riverside Blvd is anchored by Fozzy’s Bar & Grill and has over 88% occupancy, with just a single, 1,970 square foot vacancy. The property offers great visibility on East Riverside Blvd, 1.5 miles from Interstate 90. The Property is well-located near the signalized intersection of East Riverside Blvd and N Mulford Rd, with a mix of national and local retailers and businesses driving traffic to the area. Nearby tenants include Walgreens, Dunkin’, Subway, T-Mobile, Wendy’s, Orthoillinois, Amoco, First Community Credit Union, and the UPS Store. Loves Park is part of the Rockford MSA, just 60 minutes north of Chicago O’Hare Airport and 80 miles northwest of Chicago. Loves Park is a flourishing residential, commercial and industrial community is known for its strong municipal services, quality schools, desirable community amenities, and both established and growing commercial centers.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.