115 7th Street, Rockford, IL 61104
Masonry, renovated office building with frontage on two streets and off-street parking in an urban mixed-use district.
- Added:
- May 27, 2026
- Days on Market:
- 14
- Last Refresh:
- Jun 6 at 2:47 am
Property Features for 115 7th Street
General Information
- Standard status
- Active
- Size
- 17,772 SF
- Property subtype
- Multifamily, Office, Retail
Building Details
- Year Built
- 1927
Listing agent Q Butts License #FLBO
Listing office Qazzafi Butt
Listing date May 27, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Qazzafi Butt
HighLights
- 17,772 SF two‑story masonry, multi‑tenant office building built in 1927
- Renovated in 2014
- Frontage on Charles St and 7th St with access between two corners
- Off‑street parking available
- Zoned C‑4 “Pedestrian Street” Urban Mixed Use; located within a TIF District
- Located in Rockford’s Midtown District near major employers including Swedish American Hospital and Rockford Public Schools District 205
Overview
Located in Rockford’s Midtown District, the building sits between two corners with frontage to both Charles and 7th Streets. The listing notes rare off-street parking, which can be a meaningful operational benefit for office users and visitors. The property is zoned C 4 “Pedestrian Street” Urban Mixed Use and is also located within a TIF district.
With its office-focused configuration and double-street frontage, the building may fit a range of office tenants or an ownership group seeking a multi-tenant platform in Midtown. The surrounding district includes a mix of historical buildings and major community stakeholders, including Swedish American Hospital and prominent financial institutions, along with Rockford Public Schools District 205 headquarters.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $373.2k | $21.00 |
| − Vacancy | −$51.5k | −$2.90 |
| EGI | $321.7k | $18.10 |
| − OpEx | −$80.4k | −$4.53 |
| NOI | $241.3k | $13.58 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -89.0810932
- Latitude
- 42.266195
