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1228 Broadway Rockford, IL 61104

Sponsored
For Sale
$90,000

Renovation Project with Income Potential

Property size:
5,830 SF

Description

Added:
Feb 3, 2025
Days on Market:
349
This exceptional three-story mixed-use building, located at 1228 Broadway in Rockford, Illinois, presents a compelling investment opportunity. The 5,830 square foot structure sits on a 2,100 square foot lot and boasts a highly desirable street presence, enhanced by attractive landscaping features including bump-out curbs and trees. Its prime location is adjacent to other retail establishments, ensuring high visibility and foot traffic. The building's history includes ground floor use as a bar, with apartments occupying the upper floors. While requiring renovation, the property offers significant potential for rental income generation. The basement adds further versatility and space. This is an ideal project for an investor seeking a hands-on renovation opportunity with the potential for substantial returns. The building's size and location make it suitable for a variety of uses, allowing for creative redevelopment and adaptation to current market demands. The existing structure provides a solid foundation for a revitalized property in a vibrant commercial area. The asking price of $90,000 reflects the need for renovation, presenting a significant value proposition for a discerning buyer. Serious inquiries are encouraged to explore the full potential of this unique Rockford property.

Property Features for 1228 Broadway

General Information

Property type
Other commercial real estate
Square Feet
5,830 SF

Building Details

Year Built
1914

We can help!

Listing Contact
Vikrant Saluja

Learn more

Property Insight Report

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Rockford
County
Winnebago
State
Illinois
Longitude
-89.07778
Latitude
42.2526

FAQs

What type of property is this?
Commercial real estate - Renovation Project with Income Potential
Where is this commercial real estate located?
The property is located at 1228 Broadway Rockford, IL.
What is the asking price?
The asking price for this property is $90,000.
More about this property
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