115 7Th St Rockford, IL 61104
- Office Properties & Spaces
- 12,851 SF
Current Use by Public Records
- Bovada Online Casino / Casino / Kite Shop
- Dr. Emilio Carrillo / Dentist
- Dr. Mohamed Harunani / Dentist
- Dr. Ayesha Zahurullah / Dentist
- Mohamednazir F Harunani / Dentist
Property Details for 115 7Th St
- Year built
- 1927
- Construction
- FRAME
- Property size
- 12,851 SF
- Zone code
- C4
- Property type
- Office Properties & Spaces
- APN
- 11-26-230-011
- APU
- 1126230011
Description
This exceptional two-story, 17,772 square foot Class C office building is located at 115 7th St, Rockford, IL 61104, near the Charles cross street. The property, built in 2018 (renovated), features a mix of executive and traditional office spaces within a multi-tenant building. Currently, there is no vacant space. The building sits on a 0.14-acre lot and boasts a 5.88 FAR. It offers 11 total parking spaces. The property is zoned C4 and has an APN of 11-26-230-011. This prime location in Rockford, Illinois, places it within the I-90 growth corridor, benefiting from proximity to Chicago and the advantages of a thriving business environment. Rockford's diverse economy, including manufacturing and distribution, is further enhanced by the Rockford International Airport and easy access to I-90. This presents a strong investment opportunity in a well-established and growing market. The building's modern design and convenient location make it an attractive option for businesses seeking a functional and accessible workspace.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $410,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $400,000
- 7%
- $420,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $430,000
- Geo Method
- $425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $445,000
- Retail
- $440,000
- Mixed-Use
- $500,000
- Hospitality
- $420,000
- Educational
- $455,000
- Residential Income
- $465,000
- Energy
- $500,000
- Income-Based Land
- $405,000
- Food Service
- $465,000
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -89.0811
- Latitude
- 42.2662
- CBSA code
- 40420
- CBSA name
- ROCKFORD, IL METROPOLITAN STATISTICAL AREA