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Mixed-Use Property with Storefronts
For Sale
$299,900

602 7th St, Rockford, IL 61104

Two-level property combines rented residential units with flexible commercial space configured for a barbershop.

Property SizeContact for details
Days on Market11

Property Features for 602 7th St

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Year Built 1880
Listing Agency: Realty of America, LLC
Listed By: Victor Tellez Drue
Source: Searchillinoishomesforsale
Added: Sep 6 Changed: Sep 15 Last Checked: Sep 15 at 2:20PM

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 Realty of America, LLC

Investment Insights

Based on property information with market context.

Built in 1880, this mixed-use property combines residential and commercial components within a two-level layout. The second floor contains two residential units that are currently rented. At street level, two storefronts have been combined into a larger commercial area configured for barbershop operations.

The first-floor space can support continued barbershop use, an owner-operated business, or a future commercial layout, subject to applicable requirements. The property is located in Rockford’s Midtown District at 602 7th St, with both residential occupancy and an established storefront configuration already in place.

Key Highlights

  • Two second‑floor residential units
  • Both residential units are currently rented
  • Two storefronts combined into one larger commercial space

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic Catering Service (Bike/Boat/Book/etc) Store Acupuncture Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,599
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level property combines rented residential units with flexible commercial space configured for a barbershop.
Where is this mixed-use property located?
The property is located at 602 7th St Rockford, IL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two second‑floor residential units; Both residential units are currently rented; Two storefronts combined into one larger commercial space
More about this property
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