Log In/Sign Up
Your email has been sent.
115 7th St 17,772 SF 80% Leased Office Building Rockford, IL 61104 $6,325,662 CAD ($355.93 CAD/SF) 9.41% Cap Rate
Investment Highlights
- Heavy daytime foot traffic.
Executive Summary
Mixed office/ medical property available for sale, property is fully leased.
Located within a few minutes walk to Swedish American Hospital, U.S. Bank, BMO/Harris Bank, Dollar General, and Walgreens. Rockford is home to several higher education institutions including Rock Valley College, Rockford University, Northern Illinois University, and more.
The subject property is an 17,772 square foot, two story, masonry, multi-tenant office building located in Rockford’s Midtown District. The property, which was built in 1927, and renovated in 2014, is situated between two corners on Charles and 7th Streets with frontage to both streets and rare off street parking. Zoning for the property is C 4, “Pedestrian Street” Urban Mixed Use. 115 7th Street is also located within a TIF District. The Midtown District extends just north of East State Street to 9th Avenue on the south, and from Kishwaukee Street on the west to 11th Street on the east. It has many historical buildings including the old train depot and The Lantow Building which now houses the “Lantow Lofts” upscale condos. Midtown also includes larger community stakeholders: Swedish American Hospital, U.S. Bank, BMO/Harris Bank, and the headquarters for Rockford Public Schools District 205.
Located within a few minutes walk to Swedish American Hospital, U.S. Bank, BMO/Harris Bank, Dollar General, and Walgreens. Rockford is home to several higher education institutions including Rock Valley College, Rockford University, Northern Illinois University, and more.
The subject property is an 17,772 square foot, two story, masonry, multi-tenant office building located in Rockford’s Midtown District. The property, which was built in 1927, and renovated in 2014, is situated between two corners on Charles and 7th Streets with frontage to both streets and rare off street parking. Zoning for the property is C 4, “Pedestrian Street” Urban Mixed Use. 115 7th Street is also located within a TIF District. The Midtown District extends just north of East State Street to 9th Avenue on the south, and from Kishwaukee Street on the west to 11th Street on the east. It has many historical buildings including the old train depot and The Lantow Building which now houses the “Lantow Lofts” upscale condos. Midtown also includes larger community stakeholders: Swedish American Hospital, U.S. Bank, BMO/Harris Bank, and the headquarters for Rockford Public Schools District 205.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
17,772 SF
Building Class
C
Year Built/Renovated
1927/2014
Price
$6,325,662 CAD
Price Per SF
$355.93 CAD
Cap Rate
9.41%
NOI
$595,356 CAD
Percent Leased
80%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,924 SF
Building FAR
1.57
Lot Size
0.26 AC
Zoning
C-4 - "Pedestrian Street" Mixed Use District
Parking
20 Spaces (1.13 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Basement
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $104,776 CAD (2024) | |
| Land Assessment | $32,205 CAD (2024) | Total Assessment | $136,981 CAD (2024) |
Property Taxes
Parcel Numbers
Land Assessment
$32,205 CAD (2024)
Improvements Assessment
$104,776 CAD (2024)
Total Assessment
$136,981 CAD (2024)
1 of 38
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Mount Fuji LLC
115 7th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.