1228 BroadwayRockford, IL 61104

For Sale
$90,000

Renovation Project with Income Potential

Overview

Added:
Feb 3
Days on market:
39
This exceptional three-story mixed-use building, located at 1228 Broadway in Rockford, Illinois, presents a compelling investment opportunity. The 5,830 square foot structure sits on a 2,100 square foot lot and boasts a highly desirable street presence, enhanced by attractive landscaping features including bump-out curbs and trees. Its prime location is adjacent to other retail establishments, ensuring high visibility and foot traffic. The building's history includes ground floor use as a bar, with apartments occupying the upper floors. While requiring renovation, the property offers significant potential for rental income generation. The basement adds further versatility and space. This is an ideal project for an investor seeking a hands-on renovation opportunity with the potential for substantial returns. The building's size and location make it suitable for a variety of uses, allowing for creative redevelopment and adaptation to current market demands. The existing structure provides a solid foundation for a revitalized property in a vibrant commercial area. The asking price of $90,000 reflects the need for renovation, presenting a significant value proposition for a discerning buyer. Serious inquiries are encouraged to explore the full potential of this unique Rockford property.

Property Details for 1228 Broadway

Property type
Other commercial real estate
Square Feet
5,830 SF
Year Built
1914

Location Insight

City
Rockford
County
Winnebago
State
Illinois
Latitude
42.2526
Longitude
-89.07778
1228 Broadway, Rockford, Illinois

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1228 Broadway
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