2314 Charles St Rockford, IL 61104-1576

This exceptional mixed-use building at 2314 Charles Street in Rockford, IL, presents a compelling investment opportunity. The 8,040 square foot property comprises two street-level storefronts and three apartments, offering a diverse income stream. Currently, one storefront is owner-occupied and will be vacated upon sale, presenting immediate potential for increased rental income. The building benefits from long-term tenants in the remaining spaces, ensuring consistent cash flow. The property includes off-street parking, a valuable asset in a busy urban area. A pylon sign, currently leased to a neighboring business, provides additional revenue. The property consists of two parcels, identified as 1125279014 and 1125279010, with a garage on the second parcel currently leased for storage, generating further income. This turnkey investment offers a blend of immediate income and future development potential, making it an attractive proposition for savvy investors seeking a stable and profitable asset in a desirable location. The asking price is $279,900. This is a rare opportunity to acquire a well-maintained, income-producing mixed-use property in a thriving Rockford neighborhood.