Property summary
This exceptional 10,637 square foot office building is situated on a 0.77-acre lot at 4215 Newburg Road in Rockford, Illinois. Its prime location in the heart of east Rockford offers unparalleled visibility and convenient access to I-90, ensuring high traffic and easy commutes. The building boasts a thoughtfully designed layout, perfect for a variety of businesses. The first floor features a welcoming reception area, multiple private offices ideal for individual work or team collaboration, a dedicated conference room for meetings and presentations, and a large open area suitable for various uses. Two ADA-compliant bathrooms are conveniently located on this floor. The fully finished lower level provides even more space, including a spacious conference/training room, a functional kitchen, utility rooms, and another ADA-compliant bathroom. Accessibility to the lower level is effortless, with access provided by two separate stairways and a convenient elevator. The building is further enhanced by a new tear-off roof installed in 2017, ensuring long-term structural integrity and peace of mind. This property presents a rare opportunity to acquire a well-maintained, spacious, and strategically located office building in a thriving area of Rockford. The asking price is $449,900.
Property profile
VerifiedCap rate & NOI
Current use
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Medical Clinic
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Physician
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Physician
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Physician
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Counselor
Location
Value estimations
Owner & transaction history
Zoning & alternative use
21-001-B. C-1, LIMITED OFFICE DISTRICT 1. The C-1, Limited Office district is intended to accommodate low-intensity office development in close proximity to residential uses. 2. The C-1 district is intended to serve as a…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C1 · Rockford, IL21-001-B. C-1, LIMITED OFFICE DISTRICT 1. The C-1, Limited Office district is intended to accommodate low-intensity office development in close proximity to residential uses. 2. The C-1 district is intended to serve as a…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
21-001-B. C-1, LIMITED OFFICE DISTRICT 1. The C-1, Limited Office district is intended to accommodate low-intensity office development in close proximity to residential uses. 2. The C-1 district is intended to serve as a…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C1 in Rockford, IL.
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