4215 Newburg RdRockford, IL 61108

Property Details for 4215 Newburg Rd

Year built

1979

Construction

WOOD

Lot size

0.77 AC

Property size (Sq ft)

10,305 SF

Zone code

C1

Property type

Office properties

APN

12-32-202-001

APU

1232202001

Description

This exceptional 10,637 square foot office building is situated on a 0.77-acre lot at 4215 Newburg Road in Rockford, Illinois. Its prime location in the heart of east Rockford offers unparalleled visibility and convenient access to I-90, ensuring high traffic and easy commutes. The building boasts a thoughtfully designed layout, perfect for a variety of businesses. The first floor features a welcoming reception area, multiple private offices ideal for individual work or team collaboration, a dedicated conference room for meetings and presentations, and a large open area suitable for various uses. Two ADA-compliant bathrooms are conveniently located on this floor. The fully finished lower level provides even more space, including a spacious conference/training room, a functional kitchen, utility rooms, and another ADA-compliant bathroom. Accessibility to the lower level is effortless, with access provided by two separate stairways and a convenient elevator. The building is further enhanced by a new tear-off roof installed in 2017, ensuring long-term structural integrity and peace of mind. This property presents a rare opportunity to acquire a well-maintained, spacious, and strategically located office building in a thriving area of Rockford. The asking price is $449,900.

• CAP approach

  CAP return

  Valuation

  6%

  $1,860,690

  6.5%

  $1,717,560

  7%

  $1,594,877

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,046,196

  Geo Method

  $1,342,226

• Alternative Use

  Use

  Valuation

  Residential

  $2,129,774

  Hospitality

  $1,950,862

  Educational

  $1,623,094

  Medical

  $1,678,915

  Retail

  $2,524,813

Location Insight

City

Rockford

County

Winnebago

State

Illinois

Latitude

42.2523

Longitude

-89.0271

CBSA code

40420

CBSA name

ROCKFORD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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