406 Main St, Rockford, IL 61103-6819
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.
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Kantorei Theater & Performing Art Venue
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Solee Music Studio Vocational School Training Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C4 · Rockford, ILRockford. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.