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    615 Longwood St Rockford, IL 61107

    For Sale
    $449,000

    17,590 SF, $449,000, Excellent Location

    Property size:
    17,590 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional three-story, 17,590 square foot executive office building presents a compelling investment opportunity in Rockford, Illinois. Located at 615 Longwood N, this solid brick landmark boasts a prominent position with convenient access to the city's downtown core. Constructed in 1985, the building is classified as Class C and sits on a 0.72-acre lot (APN 11-23-428-034). The asking price is $449,000, translating to a price per square foot of $25.53. The property is zoned C1, offering flexibility for various commercial uses. The building's substantial size and central location make it ideal for a variety of businesses seeking a well-established presence in Rockford. Its solid construction and established presence contribute to its enduring value. This is a rare opportunity to acquire a significant commercial property in a desirable location at an attractive price point. The building's three stories provide ample space for expansion or subdivision, catering to diverse business needs. Serious inquiries are encouraged to explore the potential of this landmark property.

    Property Features for 615 Longwood St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    17,590 SF
    Class
    C
    Lot Size
    31,363 SF

    Building Details

    Year Built
    1985
    Stories
    3

    HighLights

    • Three‑story, 17,590 SF executive office building in Rockford, IL.
    • Located at 615 Longwood N, on a 0.72‑acre lot (APN 11‑23‑428‑034).
    • Class C building, constructed in 1985, asking $449,000 ($25.53/SF).
    • C1 zoning allows for flexible commercial uses.
    • Prominent location with convenient downtown access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Phase 2 Software Company Swanson Richard K Insurance Agency Any Hour Lending Financial Institution Community Kitchen Association / Organization

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.0791712
    Latitude
    42.2731303

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    FAQs

    What type of property is this?
    Office Property / Space - 17,590 SF, $449,000, Excellent Location
    Where is this office property / space located?
    The property is located at 615 Longwood St Rockford, IL.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Three-story, 17,590 SF executive office building in Rockford, IL.; Located at 615 Longwood N, on a 0.72-acre lot (APN 11-23-428-034).; Class C building, constructed in 1985, asking $449,000 ($25.53/SF).
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    615 Longwood St Rockford, IL 61107
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    Rockford, IL 61107
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    615 Longwood St Rockford, IL 61107
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