6845 Weaver Rd, Rockford, IL 61114-8051

This exceptional Class A, single-story office building, totaling 6,172 square feet, presents a compelling investment opportunity. Located on a 1.1-acre lot in northeast Rockford, Illinois (61114), this property boasts a prime location, just one mile west of the I-90/E. Riverside Blvd. interchange. Built in 1999, the building features an attractive brick and stone exterior, an upscale lobby with coffered ceilings, rich wood and glass tenant entrances, and ceramic flooring. The well-appointed tenant spaces are currently 100% occupied by three tenants, two of whom recently signed new 5-year leases in mid-2024. This multi-tenant building offers a stable cash flow, with a current asking price of $745,000 and an attractive 8.12% cap rate. The property includes 25 parking spaces and benefits from gross leases with 3% annual rent escalations, resulting in a 4.4-year weighted average remaining lease term. Its convenient location offers easy access to N. Perryville Rd. via Weaver Rd., and proximity to numerous restaurants and amenities makes it highly desirable. This is a turnkey investment opportunity with strong potential for long-term growth and return.