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    2314 Charles St Rockford, IL 61104

    Sponsored
    For Sale
    $279,900

    High-yield property with strong tenants.

    Property size:
    8,040 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional mixed-use building at 2314 Charles Street in Rockford, IL, presents a compelling investment opportunity. The 8,040 square foot property comprises two street-level storefronts and three apartments, offering a diverse income stream. Currently, one storefront is owner-occupied and will be vacated upon sale, presenting immediate potential for increased rental income. The building benefits from long-term tenants in the remaining spaces, ensuring consistent cash flow. The property includes off-street parking, a valuable asset in a busy urban area. A pylon sign, currently leased to a neighboring business, provides additional revenue. The property consists of two parcels, identified as 1125279014 and 1125279010, with a garage on the second parcel currently leased for storage, generating further income. This turnkey investment offers a blend of immediate income and future development potential, making it an attractive proposition for savvy investors seeking a stable and profitable asset in a desirable location. The asking price is $279,900. This is a rare opportunity to acquire a well-maintained, income-producing mixed-use property in a thriving Rockford neighborhood.

    Property Features for 2314 Charles St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    8,040 SF

    Building Details

    Year Built
    1927
    Property Profile Location Intelligence

    Current Use by Public Records

    US Waterproofing Co Waterproofing Service Tarot By Julia Psychic

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -89.05962
    Latitude
    42.26113

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    FAQs

    What type of property is this?
    Mixed-use property - High-yield property with strong tenants.
    Where is this mixed-use property located?
    The property is located at 2314 Charles St Rockford, IL.
    What is the asking price?
    The asking price for this property is $279,900.
    (815) 713-1100
    Request Owner's contact information
    2314 Charles St 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
    2314 Charles St Rockford, IL 61104
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