100 Park Ave Rockford, IL 61101
- Office Properties & Spaces
- 34,848 SF
- 0.71 lot acres
Current Use by Public Records
- Harlan Sherry L / Attorney
- Mueller Marcia L / Attorney
- Hinshaw & Culbertson LLP / Legal Services
- Lot 19 / Parking Lot
- Municipal Design & Environ Services / Civil Engineer
Property Details for 100 Park Ave
- Year built
- 1996
- Construction
- STEEL FRAME
- Lot size
- 0.71 lot acres
- Property size
- 34,848 SF
- Zone code
- C4
- Property type
- Office Properties & Spaces
- APN
- 11-23-313-006
- APU
- 1123313006
Description
This prestigious two-story, 36,863-square-foot Class A office building, situated on 1.11 acres of beautifully landscaped riverfront property in downtown Rockford, Illinois, offers exceptional executive office space. Built in 1980 and extensively renovated in 2015, the building boasts a grand lobby, high-end finishes, and flexible suite sizes ranging from 3,809 to 17,755 square feet (first floor) and 7,775 square feet (second floor). Currently, 25,510 square feet is available for lease in multiple configurations. The property features 40 parking spaces, including both surface and covered underground options, and is conveniently located less than a mile from US-20 Business. Enjoy the proximity to Beattie Park, the Coronado Theater, and a variety of restaurants and services. The building is zoned commercial and benefits from over 10,000 daytime jobs within a three-mile radius. Amenities include elevators. This is an unparalleled opportunity to establish a presence in one of Rockford's most desirable office buildings overlooking the Rock River. The building is located in Winnebago County, Illinois, with a 61101 zip code.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $420,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $440,000
- 6.5%
- $450,000
- 7%
- $425,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $485,000
- Geo Method
- $405,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $435,000
- Retail
- $510,000
- Mixed-Use
- $445,000
- Hospitality
- $410,000
- Educational
- $510,000
- Residential Income
- $385,000
- Energy
- $430,000
- Income-Based Land
- $500,000
- Food Service
- $390,000
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -89.0914
- Latitude
- 42.2734
- CBSA code
- 40420
- CBSA name
- ROCKFORD, IL METROPOLITAN STATISTICAL AREA