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    OFF-MARKET
    Specialty properties

    406 Main St, Rockford, IL 61103-6819

    46,227 SF Built 1903
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US28-2509749
    Property summary
    AI-generated overview

    This exceptional redevelopment opportunity presents a unique chance to acquire a substantial mixed-use property situated in the heart of Rockford, Illinois. The property, encompassing 46,227 square feet, consists of a three-story building constructed in 1903 and situated on a 28,054 square foot lot. Currently vacant, this Class D property offers significant potential for adaptive reuse. Previously utilized as an executive office space and a church/performing arts center, the building's versatile layout and substantial size allow for a wide range of redevelopment possibilities. The property is zoned C4, providing flexibility for various commercial ventures. The asking price is $300,000, translating to $6.49 per square foot. Key features include a large parking lot, a prominent LED message center, and a highly desirable location near shopping, entertainment, and dining options. The property's rich history and prime location in Rockford, combined with its substantial size and flexible zoning, make it an attractive investment for developers seeking a high-impact project. The APN numbers are 11-23-177-013 and 11-23-177-015. This is a truly one-of-a-kind opportunity to revitalize a historic landmark in a thriving Illinois city.

    Property profile
    Verified
    Property type Specialty properties
    Use group CHARITABLE ORGANIZATION
    Year built 1903
    Construction WOOD
    Total area 46,227 SF
    Zoning code C4
    APN 11-23-177-015
    UPID US28-2509749
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Kantorei Theater & Performing Art Venue
    • Solee Music Studio Vocational School Training Center
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    406 N Main LLC · 4 yrs held
    406 N Main LLC
    since 2022
    Last sale
    $235,000
    1 recorded transaction
    2022
    $155,000
    Zoning & alternative use
    C4 · Rockford, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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