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17193460
17193467

1358 4th Ave, Rockford, IL 61104

RF
OH, IL
Freeman Properties
Listed by Freeman Properties
$1,000,000
800 days on market
Updated 117 days ago

Rockford Project

Details
Property Type Hospitality, Mixed Use (+3)
Sub Type Apartment Building, Hotel (+1)
Square Footage 42,916
Net Rentable (SqFt) 42,916
Units 1
Price per SqFt $23
Class A
Buildings 1
Stories 3
Acreage 1.500
Investment Type Owner/User
Ceiling Height 16

Retirement Guarantee Investment!

Marketing description

This outstanding commercial property can guarantee retirement to anyone who decides to contribute their time to developing various streams of income that may come out of it (daycare for kids or adults, all types of post-medical or rehab treatments, luxury apartments or condos, business offices or an hotel - that caters to the 100,000+ patients visiting the largest medical facility in Midwest).

Investment highlights

Currently this property has 2 viable development scenarios:

1) Residential apartments, 29 units -

This option guarantees rent roll of +/-$35,000 a month, on average.

2) Extended stay hotel (26 units) + Daycare (3,600 SF)

This option guarantees cashflow of

Extended stay hotel guests at $150/day average - $105,300 monthly, with 90% occupancy

Daycare (kids/adults) up to 90 students | $1,000 ea/ave | $90,000 monthly

Listing Contacts

RF
OH, IL
Freeman Properties
Listed by Freeman Properties

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