2554 Charles St Rockford, IL 61108
This exceptional 2,601 square foot office/retail space is ideally situated at the intersection of Charles Street and South Rockford Avenue, benefiting from high visibility and significant daily traffic of 21,500 vehicles. The property features a desirable storefront design with abundant natural light, complemented by convenient front parking for both customers and employees. This single-tenant space is perfect for a variety of businesses, offering flexibility for executive offices, traditional office setups, or medical office practices. The Rockford Plaza location boasts a strong tenant mix, including established businesses such as UW Health, Stockholm Inn, Edward Jones, Fanny May, and T-Mobile, further enhanced by the presence of Schnucks and McDonald's as shadow anchors. This established community center is poised for further enhancement with planned renovations to the façade and parking lot, along with the installation of brand new pylon signage, all slated for completion in 2024. This presents a unique opportunity to establish a business in a thriving location with excellent visibility and a supportive tenant community.
-
Guilford Investments LLC Financial Advisor
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.