This Architect owned Commercial Property is available For Sale. 10% + Cap Rate based on previous lease. Currently clean & move in ready.
Purchase Price: $85,500
Commercial Property in downtown Rockford – for Sale
The single story, corner, commercial property for sale or lease is 1,800 s.f. of artfully finished space suitable for a business use. Located at the corner of Jefferson and Hall Streets in Rockford Illinois, near the controlled intersection of Jefferson and Sixth. The street address of the property is 1001 East Jefferson Street, Rockford, IL 61107.
Jefferson Street is a one-way westbound street, gateway to the downtown area having a traffic volume of 16,100 cars a day and 6th Street is a southbound one-way exit from US 51 headed directly at the building has a traffic volume of 9,800 cars per day. Use of a scrolling digital sign is available to tenant. There are four on street parking stalls.
The Commercial property for sale or lease is perfectly suitable “as is” for any “office” use. The glass block wall panels offer genuine filtered natural lighting during daylight hours and privacy during the night. Striking decor can be altered using paint colors.
Main Level (Street Level)
The lower level features built in shelves and spacious cabinets, a kitchenette, lounging and storage areas. Owner will NOT allow modifications under a lease agreement. A buyer can do anything.
The property is located within the city of Rockford’s “Artists District” which will allow for a LIMITED residential use if desired. Several modifications will be required to convert the property to a residence but Architect / Owner will offer design and expertise to interested party.
Lower Level (Basement)
Prospective buyers should contact owners, Rob or Lynn @ Belles Architecture. You may use the contact page, email email@example.com or call directly – 815.961.0504.
This property has been faithfully restored, and lovingly cared for. It was built in 1936 as a Mortgage Company. However, the depression made “banking” a non-profitable business soon after she was built. We have searched in vain for the Architect. NO idea. NOT Barloga (West High). NOT Bradley (Armory). Rob’s recent discovery that Flinn Middle school, by Orput, is now leading us down that path. Lynn and Rob, of Belles Firm of Architecture, Inc., purchased the building in the fall of 2002.
During the ensuing years we did the following work:
GWB Coat on all main floor surfaces Paint ALL Up and Down New Glass Block Windows on West
Repair and Seal Terrazzo Floor
New Flooring in Basement
All New Electrical Receptacles and Wiring Thermal Glass at corner door New Glass Block Windows on West Repointing Glass Block Infill at east window Ventilation Fan at east window Paint Exterior Awning Frame Rebuilt. New fabric Construct Basement Shelving New toilet room fixtures and finishes New Furnace New Roof 20-year warranty Purchase Stove Purchase Refrigerator
New Water heater
New Condenser on Roof (Air Cooling Unit)
Jefferson Repaved Roof Inspected and Minor Repairs done under warranty
New Front Glass Door and Frame
Stone Treated with ProSoco H100 Consolidation Treatment
North Glass Block Repointed
Spot Repointing on Building
VACANT – prep to sell New Basement Carpet Touch up Paint
Repair Tenant Damages Thourough Deep Cleaning & Floor Finish
EMPTY & CLEAN Move In Ready!