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    6066 Strathmoor Dr Rockford, IL 61107

    Sponsored
    For Sale
    Contact for pricing

    Multi-tenant office building, 80% occupied.

    Property size:
    7,388 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional investment opportunity presents a 7,388 square foot, single-story Class B medical and traditional office building located at 6066 Strathmoor Dr, Rockford, IL 61107. Situated on a 0.45-acre lot in Winnebago County, this property benefits from a prime location near N Mulford Rd and E State St, providing excellent visibility and accessibility to major thoroughfares, retail centers, and residential areas. The building features 17 parking spaces and is zoned C1. Constructed in 1981, the property currently houses two tenants, with Midwest Dental, Inc. occupying 80% of the space under a triple net (NNN) lease since 2013. Midwest Dental, a significant dental care provider with a substantial national presence, ensures stable cash flow and low management requirements for the investor. This multi-tenant setup offers a diversified income stream and potential for future growth. The property's 80% occupancy rate provides immediate return on investment, making it an attractive opportunity for those seeking a low-maintenance, high-yield commercial real estate asset. The building offers two units totaling 7,388 square feet.

    Property Features for 6066 Strathmoor Dr

    General Information

    Property type
    Medical offices
    Square Feet
    7,388 SF
    Class
    B
    Lot Size
    19,602 SF

    Building Details

    Year Built
    1981
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • 7,388 SF single‑story Class B medical/office building in Rockford, IL.
    • Located on a 0.45‑acre lot with excellent visibility near major thoroughfares.
    • 17 parking spaces and C1 zoning.
    • 80% occupancy with Midwest Dental (NNN lease since 2013) as the primary tenant.
    • Multi‑tenant building offering diversified income and growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Thomas B. Dudgeon, ... Psychologist Didier Counseling Associates Psychologist Midwest Dental - Rockford Dentist Dr. Matthew Anderson Dentist Michael Michalik, PHD Psychologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -88.998157259348
    Latitude
    42.272540451541

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    FAQs

    What type of property is this?
    Medical office - Multi-tenant office building, 80% occupied.
    Where is this medical office located?
    The property is located at 6066 Strathmoor Dr Rockford, IL.
    What are key features of this property?
    This property features: 7,388 SF single-story Class B medical/office building in Rockford, IL.; Located on a 0.45-acre lot with excellent visibility near major thoroughfares.; 17 parking spaces and C1 zoning.
    Request Owner's contact information
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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
    6066 Strathmoor Dr Rockford, IL 61107
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