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    118 1St St Rockford, IL 61107

    Sponsored
    For Sale
    $220,000

    Downtown Rockford, 3278 sq ft, heated garage.

    Property size:
    3,278 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    345
    This exceptional 3,278 square foot commercial building presents a remarkable opportunity for entrepreneurs and investors alike. Situated in a revitalizing downtown Rockford location, this property boasts significant potential for a variety of uses. The building itself has undergone substantial upgrades, including a new furnace, updated flooring, and a recently replaced water heater, ensuring efficient and comfortable operation. A key feature is the inclusion of a heated garage located at the rear of the building, providing valuable additional space for storage, workshop activities, or even potential expansion. The property also benefits from a fully installed sprinkler system, enhancing safety and security. The expansive interior offers over 3000 square feet of versatile space, adaptable to a wide range of commercial ventures. This is a rare chance to acquire a well-maintained building in a rapidly developing area of Rockford, offering a strong foundation for future growth and success. The property is priced competitively at $220,000, making it an attractive investment opportunity. Don't miss this chance to secure your own commercial space in a thriving downtown location. The building's size, upgrades, and prime location combine to create an exceptional opportunity for a discerning buyer.

    Property Features for 118 1St St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,278 SF

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    Bootville Western Apparel Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -89.0887
    Latitude
    42.26896

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    FAQs

    What type of property is this?
    Commercial real estate - Downtown Rockford, 3278 sq ft, heated garage.
    Where is this commercial real estate located?
    The property is located at 118 1St St Rockford, IL.
    What is the asking price?
    The asking price for this property is $220,000.
    (815) 397-7700
    Request Owner's contact information
    118 1St St Rockford, IL 61107
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    Rockford, IL 61107
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    118 1St St Rockford, IL 61107
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