1417 7th St Rockford, IL 61104-4910
Property summary
This exceptional 7,480 square foot brick building is situated at a high-traffic intersection in Rockford, Illinois, near the crossroads of Broadway and 7th Street, and conveniently close to Crusader Clinic. Currently operating as a retail store, the property presents a wealth of possibilities for diverse commercial uses. The ground floor boasts impressive storefront windows, multiple display areas, a workshop, an office, and a comfortable living room complete with a gas fireplace. A substantial rear area, featuring high ceilings and a garage door, offers significant storage or expansion potential. Upstairs, a large, open space of approximately 1,500 square feet provides ample room for additional development, with existing plumbing readily available for bathroom installation. The building is equipped with a robust 200 AMP electrical service. This versatile property offers a unique blend of established retail space and significant expansion opportunities, making it an ideal investment for a variety of commercial ventures. Its prime location and substantial size make it a truly exceptional opportunity in the Rockford market. The solid brick construction ensures durability and longevity, while the existing infrastructure provides a solid foundation for future improvements and adaptations. Don't miss this chance to acquire a well-located, adaptable commercial property with significant upside potential.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
21-001-C. C-2, LIMITED COMMERCIAL DISTRICT 1. The purpose of the C-2, Limited Commercial district is to provide a wide range of development options for the retail sale of goods and for professional and commercial service…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C2 · Rockford, IL21-001-C. C-2, LIMITED COMMERCIAL DISTRICT 1. The purpose of the C-2, Limited Commercial district is to provide a wide range of development options for the retail sale of goods and for professional and commercial service…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C2 in Rockford, IL.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.