222 N Water St - Warehouse FOR SALE


Rockford, IL 61107- Downtown Rockford
$1,675,000 USD
815-904-3800
222 N Water St, Rockford, IL for Sale
$1,675,000 USD
Warehouse - FOR SALE
1/1
null | Request Cap Rate

222 N Water St
Rockford, IL 61107
Downtown Rockford


OVERVIEW

Bring your creativity to this project! This 48,600 sq ft building is ready for the next step. Downtown waterfront location is ready for your project. 132ft of shoreline on the Rock River. This building has so many possibilities. Current owner envisioned 21 apartments on the top 3 floors, commercial use on the main floor with dockside restaurant and bar on the river level. It is ready to develop! New R30 TPO Roof (2024), Electric Updated (2025), Brick tuckpointed and sealed. (2025) Asbestos removed (2022),5 Parking with 94 parking lot resurfaced (2025), new LED lights (2025) and new retaining wall. National Park Service Historic Part 1 approved for historic tax credit; The property is currently located within the Rockford River Edge Redevelopment Zone. The City will make available action to assist Developer in establishing eligibility for financial incentives for the Project through the River Edge Redevelopment Program administered by the State of Illinois. This is the former Rever's Marina.

FOR SALE DETAILS

PRICE

$1,675,000 USD

PRICE/SF

$34 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1907

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

94

LAND DETAILS

LAND ACRES

0.31

LAND SF

13,503

ZONING

C-4

APN/PARCEL ID

11-23-329-001

ASK ABOUT THIS PROPERTY

Tina TendallGambino RealtorsMore Info
815-904-3800

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Tina TendallGambino RealtorsMore Info
815-904-3800

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