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1358 4Th Ave Rockford, IL 61104

Sponsored
For Sale
$2,500,000

Class A, 42,916 sq ft mixed-use building.

Property size:
42,916 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional Class A mixed-use property in Rockford, Illinois, presents a unique investment opportunity. Located at 1358 4th Ave, 61104, this three-story building encompasses 42,916 square feet on a 1.5-acre lot. The property features a 16-foot ceiling height and ample parking for approximately 40-50 vehicles. Currently configured as a hotel, medical office, and traditional office space, this versatile building offers significant potential for diverse income streams. The building is well-maintained, with functional heating, air conditioning, water, sewer, fire, and alarm systems, and operates under 24-hour surveillance. The asking price is $2,500,000 ($58.25/sq ft). This owner/user investment is situated in Winnebago County, near a major Midwest medical facility, creating potential for various uses, including daycare, post-medical/rehab treatments, luxury apartments/condos, and additional office or hotel space. The property's prime location and adaptable design make it an attractive prospect for investors seeking a high-return, multi-faceted asset.

Property Features for 1358 4Th Ave

General Information

Property type
Multifamily properties
Square Feet
42,916 SF
Class
A
Lot Size
65,340 SF

Building Details

Buildings
1
Stories
3
Units
1

HighLights

  • Class A mixed‑use building, 42,916 sq ft, on 1.5‑acre lot in Rockford, IL (61104).
  • $2,500,000 asking price ($58.25/sq ft).
  • Three‑story building with 16‑foot ceilings and parking for 40‑50 vehicles.
  • Excellent condition; all systems functional (HVAC, fire/alarm, security).
Property Profile Location Intelligence

Current Use by Public Records

Medical offices

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
-89.074923240618
Latitude
42.262651025405

FAQs

What type of property is this?
Multifamily property - Class A, 42,916 sq ft mixed-use building.
Where is this multifamily property located?
The property is located at 1358 4Th Ave Rockford, IL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Class A mixed-use building, 42,916 sq ft, on 1.5-acre lot in Rockford, IL (61104).; $2,500,000 asking price ($58.25/sq ft).; Three-story building with 16-foot ceilings and parking for 40-50 vehicles.
More about this property
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