For Sale
$2,500,000

1358 4Th AveRockford, IL 61104

Class A, 42,916 sq ft mixed-use building.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Class A mixed-use property in Rockford, Illinois, presents a unique investment opportunity. Located at 1358 4th Ave, 61104, this three-story building encompasses 42,916 square feet on a 1.5-acre lot. The property features a 16-foot ceiling height and ample parking for approximately 40-50 vehicles. Currently configured as a hotel, medical office, and traditional office space, this versatile building offers significant potential for diverse income streams. The building is well-maintained, with functional heating, air conditioning, water, sewer, fire, and alarm systems, and operates under 24-hour surveillance. The asking price is $2,500,000 ($58.25/sq ft). This owner/user investment is situated in Winnebago County, near a major Midwest medical facility, creating potential for various uses, including daycare, post-medical/rehab treatments, luxury apartments/condos, and additional office or hotel space. The property's prime location and adaptable design make it an attractive prospect for investors seeking a high-return, multi-faceted asset.

Highlights

  • Class A mixed-use building, 42,916 sq ft, on 1.5-acre lot in Rockford, IL (61104).
  • $2,500,000 asking price ($58.25/sq ft).
  • Three-story building with 16-foot ceilings and parking for 40-50 vehicles.
  • Excellent condition; all systems functional (HVAC, fire/alarm, security).

Property Details for 1358 4Th Ave

Property type
Specialty properties, Office properties
Square Feet
42,916 SF
Class
A
Buildings
1
Stories
3
Lot Size (sq. ft)
65,340 SF
Units
1

Location Insight

City
Rockford
County
Winnebago
State
Illinois
Latitude
42.262651025405
Longitude
-89.074923240618
1358 4Th Ave, Rockford, Illinois

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1358 4Th Ave
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