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$1,700,000
415-421 S Mulford Rd, Rockford, IL 61108
0 Beds
0 Baths
18,240 sqft

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Very well established multi-tenant office buildings for sale! Both buildings are fully leased at present time. Historically there has always been a high occupancy rate. Beautifully landscaped courtyard between the buildings, a shed for maintenance equipment, and there is ample parking for all units. Excellent 1031 exchange investment, just south of the intersection of E. State St and Mulford Rd. Very close to I90 and I39 on the east side of Rockford. These 2 office building investment does not require significant day to day management. Seller has installed new siding and re-sealed all parking areas in Spring of 2021. Many long term tenants.
  • Price:
  • $1,700,000
  • Square Footage:
  • 18,240
  • Acreage:
  • 1.60
  • Year Built:
  • 1988
  • Listing ID #:
  • MRD11092062
  • Street Address:
  • 415-421 S Mulford Rd
  • City:
  • Rockford
  • State:
  • Illinois
  • Postal Code:
  • 61108
  • County:
  • Winnebago
  • Community:
  • Rockford
  • Listing Status:
  • Active
  • Listing Type:
  • Retail/Stores
  • Exterior Description:
  • Vinyl Siding, Frame
  • Number Of Units:
  • 13
  • Stories:
  • 1
  • Total Building Square Footage:
  • 18240
  • Type Of Roof:
  • Tar And Gravel
  • Year Built:
  • 1988
  • Net Operating Income:
  • 156253
  • Operating Expense:
  • 81047
  • Conforms To Zoning:
  • Commr
  • Existing Land Use:
  • Commercial, Office
  • Lot Square Footage:
  • 69696
  • Days On Market:
  • 121
  • Originating Mls:
  • Mred
  • Property Taxes:
  • $44,348
  • Tax Year:
  • 2019
  • Tenant Pays:
  • Varies By Tenant
  • Parking Spaces:
  • 88
  • Cooling System:
  • Central Individual
  • Electricity:
  • Separate Meters, Shared Meters
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Keefe Real Estate Inc
  • ILMRED

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