217-931-0133
1203 3rd Ave, Rockford, IL for Sale
Churches - FOR SALE
1/51
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1203 3rd Ave
Rockford, IL 61104
Midtown Rockford


HIGHLIGHTS

  • Former church and school with flexible layout
  • Multiple classrooms, offices and large assembly spaces
  • Open outdoor areas including playground space

OVERVIEW

*20,000+ SF multi-use church and school campus *Three contiguous parcels functioning as one integrated site *Building improvements extend across parcel lines *Former church and school with flexible layout *Multiple classrooms, offices, and large assembly spaces *Solid masonry construction with architectural character *Open outdoor areas including playground space *Strong adaptive reuse and redevelopment potential *Value-add opportunity with renovation upside *Known improvement needs include localized roof leaks, non-operational boiler, cosmetic updates, flooring updates, and select window replacement *Electricity currently on; water service shut off *Sold as-is with no contingencies *Buyer to verify zoning and permitted uses *All personal property left in the building, if any, at the time of closing goes with the property *Lot size is 0.42 acres *Boiler heat system – currently non-operational *Year built – 1919 *Municipal sewer and water *Located in the City of Rockford, Winnebago County, IL *Rockford School District #205 *Zoning – R2 *Parcel Numbers 11-26-278-001, 11-26-278-002, and 11-26-278-006. *2025 taxes – As a previous church & school, due to religious exemption, they did not pay any real estate taxes *Title is guaranteed free and clear at closing (with all utilities paid up to the closing date) *$79,000 opening bid/reserve price

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1913

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,000 SF

ZONING

R2

APN/PARCEL ID

11-26-278-001,11-26-278-002

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217-931-0133

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Miranda AdamsMarkNet AllianceMore Info
217-931-0133

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