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1417 7th St Rockford, IL 61104-4910

OFF-MARKET Commercial real estate Google Maps
7,480 SF 0.13 ac lot Built 1920
Individually Owned Free & Clear
Estimated value (blended)
$260k
Range $234k – $286k (±10%)
Property ID US28-5813581

Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1920
Construction WOOD
Total area 7,480 SF
Lot 0.13 ac (5,663 SF)
Zoning code C2
APN 11-26-479-020
UPID US28-5813581

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2025
4 recorded transactions
2025
$140,000
2004
$38,000
2002
$44,000
2000
$30,000

Zoning & alternative use

C2 · Rockford, IL
Zoning description

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…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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