Mixed-Use Building with Renovation
For Sale
$75,000
1228 Broadway, Rockford, IL 61104
Three-story mixed-use building with income potential, requires renovation.
Property Size5,830 SF
Lot Size0.05 Acres
Price / SF$12.86
Days on Market646
Property Features for 1228 Broadway
General Information
Standard status
Active
Size
5,830 SF
Lot size
0.05 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1914
Listing Agency:
Real Properties Realty Group, Inc.
(630) 525-1299
Listed By:
Vikrant Saluja · License #475169774
(630) 525-1299
Source:
Exitrealty
Added: Oct 23, 2024
Changed: Jul 6
Last Checked: Jul 30 at 6:30AM
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 Real Properties Realty Group, Inc.
Investment Insights
Based on property information with market context.
This is a three-story mixed-use building with a basement, offering significant street presence. The ground floor was previously used as a bar, while the upper floors feature apartments. The property requires renovation, presenting an opportunity to enhance its income potential. The building is situated on a 2,100 square foot lot and comprises 5,830 square feet of space. It is located adjacent to other retail shops, contributing to an attractive streetscape characterized by bump-out curbs and trees.
Key Highlights
- Mixed‑use building with income potential from apartments and ground floor (former bar).
- Substantial 5,830 sf building size.
- Prime location adjacent to other retail shops.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Explore this area
Business Placement
Demographics for 61104, IL
17,354
Population
9,253
Households
1.9
Avg Household Size
32
Median Age
9%
College-Educated
75%
High-School Grad
4.5 sq mi
ZIP Area
3,856
Density / Sq Mi
$32,161
Median Household Income
$26,277
Median Earnings
$854
Median Rent
$83,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story mixed-use building with income potential, requires renovation.
Where is this mixed-use property located?
The property is located at 1228 Broadway Rockford, IL.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Mixed‑use building with income potential from apartments and ground floor (former bar).; Substantial 5,830 sf building size.; Prime location adjacent to other retail shops.
