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527 Colman Center Dr
Rockford, IL 61108
Office Property For Sale


Investment Highlights
- Premier visibility along Interstate 90 with heavy commuter and regional traffic exposure.
- Strong in-place tenancy with available first-floor space for additional lease-up upside.
- Recent capital improvements include new roof (2021) and HVAC upgrades (2025).
- Well-maintained multi-tenant configuration featuring elevator-served access to all levels.
- Owner-user potential with seller willing to sign a lease back on the upper level.
- Located on 5.27 acres with 222 parking spaces and IL zoning to support broad uses.
Executive Summary
Exceptional multi-tenant office building with premier I-90 Interstate visibility, office investment opportunity located next to Hard Rock Casino. This well-maintained two-story property with exposed lower level offers a rare combination of stabilized income, owner-user flexibility, and future upside potential in one the the region's fastest growing commercial corridors. Constructed in 1984, the building features approximately 45,488 SF on the main and upper levels plus an additional 10,000 SF of finished exposed lower-level space. Elevator service provides convenient access to all three floors, making the property highly functional for a variety of office, medical, and professional service, or institutional users. The property is currently occupied by five tenants with approximately 7,500 SF of available, first floor space ready to lease. The current owner also occupies the entire upper level, creating a unique opportunity for an owner-user to immediately control a significant portion of the building while generating income from existing tenants. Owner would be willing to stay and sign a lease. Situated on 5.27 acres and zoned IL - Legally Confirming, the site offers 222 parking spaces, good ingress and egress, and an overhead loading door in the rear of the building for added operational flexibility. Additional features includes a private well, city sewer service, new roof installed in 2021, and the HVAC has two Air Handler Units, newly installed AC Compressor in 2025.This highly visible and strategically located property offers strong long-term upside in a rapidly developing commercial corridor with immediate interstate access and proximity to entertainment, hospitality, and retail amenities.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
42,543 SF
Building Class
B
Year Built
1984
Price
$4,865,945 CAD
Price Per SF
$114.38 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
21,271 SF
Slab To Slab
10’
Building FAR
0.18
Lot Size
5.48 AC
Zoning
IL
Parking
227 Spaces (5.34 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Air Conditioning
Property Taxes
| Parcel Number | 12-26-226-001 | Improvements Assessment | $1,813,775 CAD |
| Land Assessment | $174,589 CAD | Total Assessment | $1,988,364 CAD |
Property Taxes
Parcel Number
12-26-226-001
Land Assessment
$174,589 CAD
Improvements Assessment
$1,813,775 CAD
Total Assessment
$1,988,364 CAD
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