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100% Occupied Mixed-Use Portfolio
3 Retail Properties Online Auction Sale Rockford, IL
Investment Highlights
- Fully leased, mixed-use opportunity consisting of three ground-floor storefront retail spaces and three residential units above.
- Just off E State Street which is a major connector for the area with an abundance of retail and total spending exceeding $1.6 billion within 5 miles.
- 102-106 7th Street benefits from an obvious location at the intersection of 7th Street and Charles Street seeing over 6,500 vehicles per day.
- Major retailers nearby include Dollar General, Subway, Burger King, and others with plenty of local restaurants and shopping sprinkled in.
Executive Summary
Both retail and multifamily perform well in the Interstate 39 Corridor/Winnebago County Submarket. The retail submarket contains roughly 22.3 million square feet of inventory. The market has approximately 4.6 million square feet of neighborhood center inventory, 1.7 million square feet of power center inventory, 790,000 square feet of strip center inventory, 1.4 million square feet of mall inventory, and 13.9 million square feet of general retail. Retail rents have changed by 1.6% year-over-year in Interstate 39 Corridor/Winnebago County. Multifamily is also well-performing. Vacancy has decreased significantly in the past year, creating an optimistic outlook for the future. As of the fourth quarter of 2024, there are no multifamily units under construction. Rents have changed by 7.0% year over year in Midtown/East, compared to a change of 5.3% metro wide. Annual rent growth of 7.0% in Midtown/East compares to the submarket's five-year average of 5.6% and its 10-year average of 3.6%.
Midtown Rockford is a coveted location for both businesses and residents, given its walkable and friendly nature. Just across from Rock River, this part of town is situated southeast of Downtown Rockford. This trendy neighborhood is quickly expanding. There is plenty of retail nearby, ranging from local businesses to big household names. Dollar General, Subway, Wendy’s, and Burger King are just a few examples of nearby retailers. 7th Street specifically benefits from its proximity to E State Street, which is a major connector for the area. Other noteworthy places nearby include UW Health SwedishAmerican Hospital, Sinnissippi Park, and several parks.
Discover the 7th Street portfolio, the perfect hands-off investment and cash-flowing opportunity.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Broker of record Kiara Frye of Keller Williams, IL License #475.208342.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Title Verification - Do Not Publish
Market Analytics Click Here to Access
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Market Sale Price per SF
Rockford - IL USA
Market Cap Rate
Rockford - IL USA
Market Sale Price per SF by Star Rating
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Market Cap Rate by Star Rating
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Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
| Sale Conditions | Auction Sale | Number of Properties | 3 |
| Sale Type | Investment | Total Building Size | 7,513 SF |
| Status | Active | Total Land Area | 0.14 AC |
| Sale Conditions | Auction Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Total Building Size | 7,513 SF |
| Total Land Area | 0.14 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
| 102 7th St, Rockford, IL 61104 | Retail | 2,888 SF | 1960 |
| 104 7th St, Rockford, IL 61104 | Retail | 2,625 SF | 1900 |
| 106 7th St, Rockford, IL 61104 | Retail | 2,000 SF | - |
Sale Advisor
Sale Advisor
Angela Moore, Realtor/Broker
About I-39 Corridor/Winnebago County
Located in the North Central region of Illinois and 90 miles northwest of Chicago, the Interstate 39/Winnebago County area contains Rockford, the state’s fifth-largest city. In addition to supporting an international airport, the area also offers excellent highway access to interstates 90 and 39 and Route 20.
The Rock River cuts through this area’s core, providing nearby residents, visitors, and companies with river view vistas along its route. At least six national parks are contained within the I-39/Winnebago County area, including the Klehm Arboretum & Botanical Garden and the Levi and Esther Fuller Memorial Forest Preserve.
Local colleges and employers provide a stable consumer base for area retailers. Rock Valley Junior College and Rasmussen University have roughly 5,800 and 1,000 students enrolled each year at their respective campuses. Sizable area employers in Rockford include the 3,000 people who work at hardware retailer Lowe’s distribution center, the 1,200 employees who work out of the flex space leased by biomedical manufacturer PCI Pharma Services, the 1,200 employees who work for aerospace manufacturer Woodward, and the 500 folks who work for Blue Cross & Blue Shield of Illinois. Correspondingly, the largest employer-industry cohort is manufacturing (23%), followed by healthcare (15%), and retail trade (12%).
About the Auction Platform
Auction Contact
-
Angela Moore -
Keller Williams Greater Seattle
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100% Occupied Mixed-Use Portfolio
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