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    2322 Charles St Rockford, IL 61104

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    For Sale
    $220,000

    Retail property with leasing and income potential in Rockford, IL.

    Property size:
    8,545 SF
    Lot size:
    0.20 Acres

    Property Features for 2322 Charles St

    General Information

    Size
    8,545 SF
    Lot size
    0.20 Acres

    Source: Dickerson Nieman Commercial Agent Tracy Eastman, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property on Charles Street

    Located at the northeast corner of Charles Street and St. Louis Avenue, this retail property is currently configured into five units. Four units are leased to two tenants, with three units occupied by an appliance sales and service business and one unit leased to a screen printer. One unit is currently vacant and has a potential rental income of $800 per month. The property is zoned C3 and constructed of brick. It features 3-phase 480-volt electrical service and a ceiling height of 13 feet. The front half of the roof has recently undergone a $25,000 repair. The property has the potential for a $32,000 Net Operating Income. The property size is 8,545 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Midwest Threads Clothing Store Fad Wine Wine Store

    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
    -89.0587348
    Latitude
    42.2608966

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    FAQs

    What type of property is this?
    Strip mall - Retail property with leasing and income potential in Rockford, IL.
    Where is this strip mall located?
    The property is located at 2322 Charles St Rockford, IL.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: - Potential for $32,000 NOI; - Zoned C3, allowing for a variety of commercial uses; - Four units currently leased, providing immediate income
    (815) 979-4926
    Request Owner's contact information
    2322 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
    2322 Charles St Rockford, IL 61104
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