2516 Charles St Rockford, IL 61108
This exceptional 2,400 square foot retail or office space is located at 2516 Charles Street in Rockford, Illinois, within the vibrant Rockford Plaza. The property, identified by APN 12-30-153-016 in Winnebago County, offers a single-tenant occupancy within a larger strip center totaling 95,751 square feet. Currently, 2,400 square feet are available, divisible to a minimum of 1,400 contiguous square feet and a maximum of 2,400 contiguous square feet. The property boasts a strong tenant mix, including national and local businesses such as UW Health, Stockholm Inn, Edward Jones, Fanny May, and T-Mobile, with shadow anchors Schnucks and McDonald's providing significant traffic draw. Situated at the high-traffic intersection of Charles Street and South Rockford Avenue, the location benefits from approximately 21,500 vehicles passing daily. Rockford Plaza is undergoing significant improvements, including a complete façade and parking lot renovation, and the installation of brand new pylon signage, all slated for completion in 2024. This presents a unique opportunity to establish a presence in a thriving retail corridor undergoing revitalization. The property is ideal for a variety of retail or office uses and offers excellent visibility and accessibility.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.