6845 Weaver Rd Rockford, IL 61114-8051

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 Properties & 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.

Location Insight

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