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    1202 20Th Ave Rockford, IL 61104

    Sponsored
    For Sale
    $70,000

    Spacious industrial building, needs TLC, great location.

    Property size:
    24,644 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 24,644 square foot all-brick industrial building presents a remarkable investment opportunity in Rockford, Illinois. Located at 1202 20th Avenue, this property boasts significant potential for a variety of uses. The building features four large bin doors, providing convenient and efficient access for loading and unloading. Its spacious layout allows for flexible configuration, making it ideal for single-tenant occupancy or subdivision into multiple rental units. An upstairs area includes employee breakrooms and restrooms, adding to the building's functionality. Previously utilized as a mechanics shop, the property requires some renovations and a new roof. However, a completed environmental report confirms no environmental concerns, simplifying the acquisition process. The building's substantial size, strategic location, and versatile design make it an attractive prospect for investors and businesses seeking a substantial industrial space in Rockford. The asking price of $70,000 reflects the opportunity for significant value appreciation after necessary improvements. Don't miss this chance to acquire a prime industrial property with immense potential.

    Property Features for 1202 20Th Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    24,644 SF

    Building Details

    Year Built
    1924
    Property Profile Location Intelligence

    Current Use by Public Records

    Serrano's Concrete Concrete Contractor ABS Tool & Machining ... Machine Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.07859
    Latitude
    42.24598

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious industrial building, needs TLC, great location.
    Where is this commercial real estate located?
    The property is located at 1202 20Th Ave Rockford, IL.
    What is the asking price?
    The asking price for this property is $70,000.
    (815) 877-8500
    Request Owner's contact information
    1202 20Th Ave Rockford, IL 61104
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    Rockford, IL 61104
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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
    1202 20Th Ave Rockford, IL 61104
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