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Property profile

1111 5Th Ave Rockford, IL 61104

OFF-MARKET
Mixed-use properties
9,744 SF Built 1946
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Property summary

AI-generated overview

This expansive mixed-use property at 1111 5th Avenue in Rockford, Illinois, presents a remarkable investment opportunity. Boasting a substantial 9,744 square feet, the building offers immense versatility for a variety of commercial uses. Previously operated as a social club, the layout includes a fully equipped commercial kitchen, a spacious dining room, and a large oval bar area – ideal for restaurants, event spaces, or similar ventures. The interior features approximately 11-foot ceiling heights throughout, creating an open and airy atmosphere. Numerous offices and storage rooms provide ample workspace and storage solutions. An additional large overflow space offers further flexibility for expansion or specialized uses. A 950-square-foot basement adds even more storage and houses a recently installed hot water heating system, ensuring efficient and cost-effective operation. Access is convenient, with an alley providing rear access to the property and a generous 132 by 165 foot parking lot accommodating numerous vehicles. A newer dumpster enclosure is also included, enhancing the property's functionality. This property is priced at $255,000 and presents a unique chance to acquire a substantial building with significant potential in a prime Rockford location. The size and layout offer a multitude of possibilities for a discerning investor or business owner.

Property profile

Verified
Property type Mixed-use properties
Year built 1946
Total area 9,744 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1111 5Th Ave Rockford, IL 61104
Rockford metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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