7550 Rote RdRockford, IL 61107

Property Details for 7550 Rote Rd

Year built

1992

Construction

WOOD

Lot size

3.93 AC

Property size (Sq ft)

2,390 SF

Zone code

C1

Property type

Office properties

APN

12-14-252-008

APU

1214252008

Description

This exceptional Class A medical office building, situated on a generous 3.93-acre lot in Rockford, Illinois, presents a compelling investment opportunity. The 2,390 square foot single-story building, constructed in 1992, boasts a desirable location near I-90, experiencing high daily traffic counts of 6,744 vehicles. Currently operating as a dental practice under lease until July 2025, the property offers immediate income potential. The building features two exam rooms, a reception area, an office, a break room, and substantial storage space in both the garage and basement. The C1 zoning allows for flexibility and potential expansion or redevelopment, catering to a variety of medical or commercial uses. The property's address is 7550 Rote Rd, Rockford, IL 61107, with APN 12-14-252-008. The 2023 property taxes totaled $12,925. This turnkey operation in a high-traffic area presents a rare opportunity for investors seeking a stable income stream with significant upside potential. The property's size and zoning provide ample room for growth and adaptation to future market demands. This is a unique chance to acquire a well-established medical office building with a proven track record in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $431,543

  6.5%

  $398,347

  7%

  $369,894

• Comparable approach

  Method

  Valuation

  Relative Method

  $242,640

  Geo Method

  $311,298

• Alternative Use

  Use

  Valuation

  Residential

  $493,951

  Hospitality

  $452,456

  Educational

  $376,438

  Medical

  $389,384

  Retail

  $585,570

Location Insight

City

Rockford

County

Winnebago

State

Illinois

Latitude

42.2905

Longitude

-88.9693

CBSA code

40420

CBSA name

ROCKFORD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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