Waterfront Mixed-Use Development
For Sale
Contact for pricing
220 North Water Street, Rockford, IL 61107
Large waterfront building with 132 feet of shoreline on the Rock River, designed for mixed-use redevelopment potential.
Property Size48,600 SF
Price / SF$27.78
Days on Market268
Property Features for 220 North Water Street
General Information
Standard status
Active
Size
48,600 SF
Property subtype
SPECIALTY
Listing Agency:
GAMBINO REALTORS-Rkfd
(815) 904-3800
Listed By:
Tina Tendall · License #471004417
(815) 904-3800
Source:
Moodyscre
Added: Nov 29, 2025
Changed: Aug 21
Last Checked: Aug 23 at 12:08PM
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 GAMBINO REALTORS-Rkfd
Investment Insights
Based on property information with market context.
This is a development-ready, approximately 48,600-square-foot building at the former Rever’s Marina, presented with a concept that combines residential and commercial space. The owner’s envisioned plan includes apartments on the upper floors and commercial use on lower levels, with a dockside restaurant and bar at the river level. Recent exterior and systems work includes a new R-30 TPO roof installed in 2024, updated electric in 2025, brick tuckpointing and sealing in 2025, and asbestos removal (year provided as 2020). Additional site and lighting improvements include resurfaced parking and new LED lights in 2025, along with a new retaining wall.
The property features 132 feet of shoreline on the Rock River and is located in the Rockford River Edge Redevelopment Zone. National Park Service Historic Part 1 approval for historic tax credit is noted in the remarks, and the City indicates it can provide action to assist a developer in establishing eligibility for financial incentives through the River Edge Redevelopment Program administered by the State of Illinois.
Parking is accounted for in the provided details, with five parking spaces noted and resurfacing completed in 2025.
The property features 132 feet of shoreline on the Rock River and is located in the Rockford River Edge Redevelopment Zone. National Park Service Historic Part 1 approval for historic tax credit is noted in the remarks, and the City indicates it can provide action to assist a developer in establishing eligibility for financial incentives through the River Edge Redevelopment Program administered by the State of Illinois.
Parking is accounted for in the provided details, with five parking spaces noted and resurfacing completed in 2025.
Key Highlights
- 48,600 SF waterfront building on the Rock River with 132 ft of shoreline
- Former Rever's Marina with a mixed‑use redevelopment concept: commercial main floor and dockside restaurant/bar on the river level
- New R30 TPO roof (2024) plus electric updates (2025)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,886
Businesses Nearby
Explore this area
Business Placement
Demographics for 61107, IL
30,722
Population
13,711
Households
2.2
Avg Household Size
42
Median Age
37%
College-Educated
93%
High-School Grad
14.9 sq mi
ZIP Area
2,062
Density / Sq Mi
$75,492
Median Household Income
$42,494
Median Earnings
$1,053
Median Rent
$165,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Large waterfront building with 132 feet of shoreline on the Rock River, designed for mixed-use redevelopment potential.
Where is this apartment building located?
The property is located at 220 North Water Street Rockford, IL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 48,600 SF waterfront building on the Rock River with 132 ft of shoreline; Former Rever's Marina with a mixed‑use redevelopment concept: commercial main floor and dockside restaurant/bar on the river level; New R30 TPO roof (2024) plus electric updates (2025)
