102-106 7th St - Storefront Retail/Residential FOR SALE


Rockford, IL 61104- Midtown Rockford
$2,350,000 USD
206-948-9715
102-106 7th St, Rockford, IL for Sale
$2,350,000 USD
Storefront Retail/Residential - FOR SALE
1/15
null | 5.96% Cap Rate

102-106 7th St
Rockford, IL 61104
Midtown Rockford


HIGHLIGHTS

  • Midtown Rockford is a coveted location for both businesses and residents, given its walkable and friendly nature.? Just across from Rock River,
  • Accessible to all local attractions
  • Open plan with exposed brick walls

OVERVIEW

Fully leased, mixed-use opportunity consisting of three ground-floor storefront retail spaces and three residential units above. 102-106 7th Street benefits from an obvious location at the intersection of 7th Street and Charles Street seeing over 10,500 vehicles per day. Just off E State Street which is a major connector for the area with an abundance of retail and total spending exceeding $1.6 billion within 5 miles. Major retailers nearby include Dollar General, Subway, Burger King, and others with plenty of local restaurants and shopping sprinkled in. This trendy neighborhood is quickly expanding.? There is plenty of retail nearby, ranging from local businesses to big household names.? Dollar General, Subway, Wendy’s, and Burger King are just a few examples of nearby retailers.? 7th Street specifically benefits from its proximity to E State Street, which is a major connector for the area.? Other noteworthy places nearby include UW Health SwedishAmerican Hospital, Sinnissippi Park, and several parks.?

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$870 USD /SF

CAP RATE

5.96%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Convenience Store, Drug Store, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,224 SF

ZONING

C4

APN/PARCEL ID

11-26-232-001

ASK ABOUT THIS PROPERTY

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206-948-9715

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Qazzafi ButtMount Fuji LLCMore Info
206-948-9715

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.