222 North Water Street, Rockford, IL

Listing agent Tina Tendall Show Phone

Listing office GAMBINO REALTORS-Rkfd Show Phone

Listing date Nov 29, 2025

Source Moodyscre

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Overview

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.

Suggested Use

Restaurant Real Estate Agency Building Supply Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Rockford

County

Winnebago

State

Illinois

Longitude

-89.09

Latitude

42.2712

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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 Street 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.