115 7th St - Medical FOR SALE


Rockford, IL 61104- Midtown Rockford
$4,590,000 USD
206-948-9715
115 7th St, Rockford, IL for Sale
$4,590,000 USD
Medical - FOR SALE
1/37
null | 9.41% Cap Rate

115 7th St
Rockford, IL 61104
Midtown Rockford


HIGHLIGHTS

  • Heavy daytime foot traffic.

OVERVIEW

Mixed office/ medical property available for sale, property is fully leased. Located within a few minutes walk to Swedish American Hospital, U.S. Bank, BMO/Harris Bank, Dollar General, and Walgreens. Rockford is home to several higher education institutions including Rock Valley College, Rockford University, Northern Illinois University, and more. The subject property is an 17,772 square foot, two story, masonry, multi-tenant office building located in Rockford’s Midtown District. The property, which was built in 1927, and renovated in 2014, is situated between two corners on Charles and 7th Streets with frontage to both streets and rare off street parking. Zoning for the property is C 4, “Pedestrian Street” Urban Mixed Use. 115 7th Street is also located within a TIF District. The Midtown District extends just north of East State Street to 9th Avenue on the south, and from Kishwaukee Street on the west to 11th Street on the east. It has many historical buildings including the old train depot and The Lantow Building which now houses the “Lantow Lofts” upscale condos. Midtown also includes larger community stakeholders: Swedish American Hospital, U.S. Bank, BMO/Harris Bank, and the headquarters for Rockford Public Schools District 205.

FOR SALE DETAILS

PRICE

$4,590,000 USD

PRICE/SF

$258 USD /SF

CAP RATE

9.41%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office, Health Club, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

C-4

APN/PARCEL ID

11-26-230-010,11-26-230-011

ASK ABOUT THIS PROPERTY

Qazzafi ButtMount Fuji LLCMore Info
206-948-9715

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

Qazzafi ButtMount Fuji LLCMore Info
206-948-9715

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