816 7th St, Rockford, IL 61104-1308
This 36,968 square foot industrial building located at 816 7th Street, Rockford, IL, is offered for sale at $111,000. Situated on a 0.46-acre lot, the property presents a significant opportunity for investors and businesses seeking a substantial space. The building is being sold "as is," and it's important to note that currently, the only heated area is the room containing the fire suppression system. This presents a potential cost consideration for prospective buyers. However, a key advantage is the inclusion of a fully operational freight elevator, facilitating efficient movement of goods and materials. The building's substantial size and the presence of a functional freight elevator make it suitable for a variety of industrial or warehousing uses. Prospective buyers are encouraged to conduct their own due diligence and inspections to assess the property's suitability for their specific needs and to factor in the cost of heating upgrades. The property's location in Rockford, IL, offers access to local infrastructure and transportation networks. This is a prime opportunity to acquire a large industrial space at a competitive price, requiring some investment but offering significant potential for return. The sale price reflects the "as is" condition and the need for potential heating system upgrades.
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
I1 · 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.