118 1St St Rockford, IL 61107
- Commercial real estate
- 3,278 SF
Current Use by Public Records
- Bootville / Western Apparel Store
Property Details for 118 1St St
- Year built
- 1920
- Construction
- WOOD
- Property size
- 3,278 SF
- Zone code
- C4
- Property type
- Commercial real estate
- APN
- 11-23-382-013
- APU
- 1123382013
Description
This exceptional 3,278 square foot commercial building presents a remarkable opportunity for entrepreneurs and investors alike. Situated in a revitalizing downtown Rockford location, this property boasts significant potential for a variety of uses. The building itself has undergone substantial upgrades, including a new furnace, updated flooring, and a recently replaced water heater, ensuring efficient and comfortable operation. A key feature is the inclusion of a heated garage located at the rear of the building, providing valuable additional space for storage, workshop activities, or even potential expansion. The property also benefits from a fully installed sprinkler system, enhancing safety and security. The expansive interior offers over 3000 square feet of versatile space, adaptable to a wide range of commercial ventures. This is a rare chance to acquire a well-maintained building in a rapidly developing area of Rockford, offering a strong foundation for future growth and success. The property is priced competitively at $220,000, making it an attractive investment opportunity. Don't miss this chance to secure your own commercial space in a thriving downtown location. The building's size, upgrades, and prime location combine to create an exceptional opportunity for a discerning buyer.
Value Estimations
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -89.0887
- Latitude
- 42.269
- CBSA code
- 40420
- CBSA name
- ROCKFORD, IL METROPOLITAN STATISTICAL AREA
