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$ 195,000
Est. payment | /mo
$ 195,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12658758
Year Built 1930
Annual Tax Amount $1,646
Tax Year 2025
Lot Dimensions 5663
Property Sub-Type Mixed Use
Property Description
Outstanding mixed-use investment opportunity with exceptional income potential! This well-maintained property features two spacious 3-bedroom, 1-bath residential apartments, making it an ideal addition to any investment portfolio or a perfect owner-occupant opportunity. The main residential unit has been tastefully updated with a desirable open-concept floor plan, an updated kitchen, luxury vinyl plank (LVP) flooring, and fresh interior paint, creating a modern and inviting living space. Recent electrical updates provide added value and peace of mind. The property also includes a full basement, offering abundant storage and additional utility space, as well as an extra lot dedicated to off-street parking-a rare and valuable amenity for both residential tenants and commercial customers. Situated on highly traveled West State Street, the commercial storefront enjoys outstanding visibility and is well suited for retail, office, or service-based businesses. The combination of residential rental income, commercial potential, ample parking, and recent improvements makes this a unique opportunity with multiple revenue streams. Whether you're looking to expand your investment portfolio or operate your business while generating rental income, this versatile property is a must-see. Schedule your private showing today!
Location
State IL
County Winnebago
Area Rockford
Zoning MULTI
Interior
Cooling None
Flooring Vinyl
Fireplace N
Building
Dwelling Type Mixed Use
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Listed by Brenda Reyes of RE/MAX Liberty