102, 104, and 106 7th Street present the perfect mixed-use opportunity in Rockford, Illinois. The portfolio comprises storefront retail and residential. The property is a gracious 7,513 square feet across two stories. This portfolio comes 100% occupied, allowing for an easy transition to new ownership. The first floor consists of three retailers: a bakery, African Goods Grocery Store, and a convenience store. Above are three residential apartments, all on a 12-month lease term with the option to extend. Perched on 0.14 acres, there is ample parking on-site. The property has been well maintained over the years, making it a prime investment opportunity. Midtown Rockford is a coveted location for both businesses and residents, given its walkable and friendly nature. Just across from Rock River, this part of town is situated southeast of Downtown Rockford. This trendy neighborhood is quickly expanding. There is plenty of retail nearby, ranging from local businesses to big household names. Dollar General, Subway, Wendy’s, and Burger King are just a few examples of nearby retailers. 7th Street specifically benefits from its proximity to E State Street, which is a major connector for the area. Other noteworthy places nearby include UW Health SwedishAmerican Hospital, Sinnissippi Park, and several parks. Rockford, Illinois is located in the burgeoning I-90 growth corridor and is part of the 3rd largest economic corridor in the U.S. /Close enough to Chicago to feel the breeze off lake Michigan, the Rockford region offers distinct business advantages that simply cannot be had in the “big” city. Rockford is recognized as a world leader in the production of machine tools and auto parts, and increasingly becoming recognized as an important center for aerospace components. Over the years, Rockford business has become diversified and it is now home to a broader set of enterprises, including distribution centers, driven by the Rockford International Airport ease of access to I-90 traversing 3,020 miles from Boston to Seattle.
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