1358 4Th Ave Rockford, IL 61104
- Office Properties & Spaces
- 42,916 SF
- 1.26 lot acres
Current Use by Public Records
- Office Properties & Spaces
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $445,000
- ML approach
- $575,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -89.075
- Latitude
- 42.2629
- CBSA code
- 40420
- CBSA name
- ROCKFORD, IL METROPOLITAN STATISTICAL AREA
