222 North Water St Rockford, IL 61107
48,600 SF building with waterfront access and redevelopment potential.
Property size:
48,600 SFLot size:
1.27 AcresProperty Features for 222 North Water St
General Information
- Size
- 48,600 SF
- Lot size
- 1.27 Acres
Source:
Moodyscre
Listing Agent: Tina Tendall
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Waterfront Building Ready for Development
This 48,600 sq ft building presents a development opportunity in a downtown waterfront location with 132ft of shoreline on the Rock River. The current owner envisioned 21 apartments on the top three floors, commercial use on the main floor, and a dockside restaurant and bar on the river level. The interior demolition is 90% complete. A new R30 TPO roof was installed in 2024, and electric updates, brick tuckpointing and sealing, parking lot resurfacing, and new LED lights are planned for 2025. Asbestos has been removed. There is parking available, and a new retaining wall has been built. The property is located within the Rockford River Edge Redevelopment Zone, and the City will assist the developer in establishing eligibility for financial incentives through the River Edge Redevelopment Program administered by the State of Illinois. National Park Service Historic Part 1 approval has been granted for historic tax credit eligibility. This is the former Rever's Marina.
Location Intelligence
Current Use by Public Records
Marinas
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -89.090023
- Latitude
- 42.2711642
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FAQs
What type of property is this?
Marina - 48,600 SF building with waterfront access and redevelopment potential.
Where is this marina located?
The property is located at 222 North Water St Rockford, IL.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: - Prime downtown waterfront location with **132ft of shoreline on the Rock River.**; - Significant recent updates including **new R30 TPO roof (2024), updated electric (2025), tuckpointed and sealed brick (2025), asbestos removal (2025), resurfaced parking lot (2025), new LED lights (2025), and new retaining wall.**; - Approved for National Park Service Historic Part 1 historic tax credit.