345 Executive PkwyRockford, IL 61107

Property Details for 345 Executive Pkwy

Year built

1988

Construction

WOOD

Lot size

1.33 AC

Property size (Sq ft)

14,589 SF

Zone code

C1

Property type

Office properties

APN

12-22-353-002

APU

1222353002

Description

This two-story, 13,198 square foot Class B office building, built in 1992 and renovated the same year, offers a vibrant workspace with an invigorating lakeside view. Located in a thriving business environment on Executive Parkway, this property provides excellent visibility with a pylon sign and monument signage. The building features bright ceramic foyers and skylights, creating a welcoming atmosphere for employees and clients. A new parking lot with 100 spaces and superior landscaping enhance the property's appeal. The 3,710 square feet of currently vacant space is divisible into units of at least 1,000 square feet, making it ideal for a growing business or medical practice. This location boasts high traffic and easy access to major transportation arteries, including I-90, US-20, and I-39, placing it within minutes of key areas such as hospitals and other major roadways. Situated in Winnebago County, this property benefits from its proximity to the Rockford airport, multiple railroads, and major highways. The building sits on 1.32 acres of land and is zoned for commercial office use. 24-hour emergency property management is provided. The building is adjacent to the executive Mulford Village Office Park, offering a professional and successful atmosphere.

• CAP approach

  CAP return

  Valuation

  6%

  $2,634,217

  6.5%

  $2,431,585

  7%

  $2,257,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,481,122

  Geo Method

  $1,900,217

• Alternative Use

  Use

  Valuation

  Residential

  $3,015,166

  Hospitality

  $2,761,875

  Educational

  $2,297,848

  Medical

  $2,376,874

  Retail

  $3,574,430

Location Insight

City

Rockford

County

Winnebago

State

Illinois

Latitude

42.2712

Longitude

-88.9981

CBSA code

40420

CBSA name

ROCKFORD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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