6845 Weaver Rd Rockford, IL 61114-8051
Property profile & analytics
6845 Weaver Rd Rockford, IL 61114-8051
- Office Spaces
- 6,152 SF
- 1.10 lot acres
Property ID
US28-1670079
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- AATH / Association Or Organization
- Geissler Law Office, P.C. / Law Firm
- Illinois Land Title Association / Consultant
- Creative Planning / Financial Advisor
- V2 Marketing & Management / Marketing & Advertising / Advertising Agency
Property Details for 6845 Weaver Rd
- Year built
- 1999
- Construction
- WOOD
- Lot size
- 1.10 lot acres
- Property size
- 6,152 SF
- Zone code
- C1
- Property type
- Office Spaces
- APN
- 12-03-428-015
- APU
- 1203428015
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $690,000
- ML approach
- $680,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $437,000
Market price range: $187k - $854k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -88.9834
- Latitude
- 42.3162
- CBSA code
- 40420
- CBSA name
- ROCKFORD, IL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$0.00
$90,744
$109,176
$199,920
-
$272,232
$327,528
$599,760
