1111 5Th Ave Rockford, IL 61104
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Mixed-use properties
Property Details for 1111 5Th Ave
- Year built
- 1946
- Property type
- Mixed-use properties
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -89.0802
- Latitude
- 42.2613
