4425 Harrison Ave - Office FOR SALE


Rockford, IL 61108- Outer South Rockford
$2,200,000 USD
815-519-2514
4425 Harrison Ave, Rockford, IL for Sale
$2,200,000 USD
Office - FOR SALE
1/8
null | 12.27% Cap Rate

4425 Harrison Ave
Rockford, IL 61108
Outer South Rockford


HIGHLIGHTS

  • Current lease income of $16,000 per month through 2027.
  • Main-level tenant has vacated, but lease remains active.
  • Two-story building with full basement and ample storage.
  • Over 100 parking spaces, including adjacent lot.
  • High-traffic location with up to 60,000 vehicles per day.
  • Roof and parking lots updated in 2021.

OVERVIEW

This two-story commercial building with a full basement offers a highly visible location along Harrison Avenue, benefiting from traffic counts of up to 60,000 vehicles per day. The property spans 23,670 SF on 1.57 acres and includes an adjacent parking lot, providing over 100 spaces for tenants and visitors. The asset generates $16,000 per month in lease income through 2027, offering immediate cash flow for investors. While the main-level tenant has vacated, the lease remains in place, ensuring continued income stability. Recent updates to the roof and parking areas in 2021 enhance long-term value and reduce near-term capital needs. Its layout and ample storage make it suitable for a variety of uses, including office, medical, or institutional operations. The property’s proximity to major retailers such as Walgreens and strong surrounding traffic patterns further support business visibility and accessibility.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$93 USD /SF

CAP RATE

12.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

C3

APN/PARCEL ID

16-05-131-013

ASK ABOUT THIS PROPERTY

Amanda HandleyDickerson & Nieman RealtorsMore Info
815-519-2514

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Amanda HandleyDickerson & Nieman RealtorsMore Info
815-519-2514

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