1358 4Th Ave Rockford, IL 61104

Property Details for 1358 4Th Ave

Year built

1920

Construction

FRAME

Lot size

1.26 lot acres

Property size

42,916 SF

Zone code

R2

Property type

Office Properties & Spaces

APN

11-25-151-021

APU

1125151021

Description

This exceptional Class A mixed-use property in Rockford, Illinois, presents a unique investment opportunity. Located at 1358 4th Ave, 61104, this three-story building encompasses 42,916 square feet on a 1.5-acre lot. The property features a 16-foot ceiling height and ample parking for approximately 40-50 vehicles. Currently configured as a hotel, medical office, and traditional office space, this versatile building offers significant potential for diverse income streams. The building is well-maintained, with functional heating, air conditioning, water, sewer, fire, and alarm systems, and operates under 24-hour surveillance. The asking price is $2,500,000 ($58.25/sq ft). This owner/user investment is situated in Winnebago County, near a major Midwest medical facility, creating potential for various uses, including daycare, post-medical/rehab treatments, luxury apartments/condos, and additional office or hotel space. The property's prime location and adaptable design make it an attractive prospect for investors seeking a high-return, multi-faceted asset.

Location Insight

City

Rockford

County

Winnebago

State

Illinois

Longitude

-89.075

Latitude

42.2629

CBSA code

40420

CBSA name

ROCKFORD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments