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    115 7Th St Rockford, IL 61104

    Sponsored
    For Lease
    $17 SF/Yr

    17,772 sq ft Office Building, Fully Leased

    Lot size:
    17,772 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional two-story, 17,772 square foot Class C office building is located at 115 7th St, Rockford, IL 61104, near the Charles cross street. The property, built in 2018 (renovated), features a mix of executive and traditional office spaces within a multi-tenant building. Currently, there is no vacant space. The building sits on a 0.14-acre lot and boasts a 5.88 FAR. It offers 11 total parking spaces. The property is zoned C4 and has an APN of 11-26-230-011. This prime location in Rockford, Illinois, places it within the I-90 growth corridor, benefiting from proximity to Chicago and the advantages of a thriving business environment. Rockford's diverse economy, including manufacturing and distribution, is further enhanced by the Rockford International Airport and easy access to I-90. This presents a strong investment opportunity in a well-established and growing market. The building's modern design and convenient location make it an attractive option for businesses seeking a functional and accessible workspace.

    Property Features for 115 7Th St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,772 SF
    Class
    C
    Total Rate
    25177

    Building Details

    Year Renovated
    2018
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    2,500 SF
    Rate per SF
    $17

    HighLights

    • Historic 2‑story office building in Rockford's Midtown District with high‑end aesthetics.
    • 17,772 SF, two‑story masonry multi‑tenant office building anchored by Midwest Dental (56% GLA).
    • Built in 1927, renovated in 2015, with new roof and boiler installed in 2015.
    • Prime corner location on Charles and 7th Streets with 11 off‑street parking spaces.
    • C‑4 "Pedestrian Street" Urban Mixed Use zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bovada Online Casino Casino Dr. Emilio Carrillo Dentist Dr. Mohamed Harunani Dentist Dr. Ayesha Zahurullah Dentist Mohamednazir F Harunani Dentist

    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
    -89.080892308265
    Latitude
    42.266294527561

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    FAQs

    What type of property is this?
    Office Property / Space - 17,772 sq ft Office Building, Fully Leased
    Where is this office property / space located?
    The property is located at 115 7Th St Rockford, IL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Historic 2-story office building in Rockford's Midtown District with high-end aesthetics.; 17,772 SF, two-story masonry multi-tenant office building anchored by Midwest Dental (56% GLA).; Built in 1927, renovated in 2015, with new roof and boiler installed in 2015.
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    Rockford, IL 61104
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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
    115 7Th St Rockford, IL 61104
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