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406 N Main Street Rockford, IL 61103 • Commercial - Business • Active

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Description

RARE OPPORTUNITY! Attention All Investors! Historic 1903 former church and performing arts center in Rockford's River District, next to Beattie Park and the Rock River. 47,605 SF per assessor on 3 stories, PLUS a separate 30,525 SF blacktop lot with estimated parking for 85-100 cars. 1.34 total acres. Only $6.28/SF. Zoned C4. Located in River District North TIF, buyer to verify any incentives. Re-roofed per 2018 permit. Stunning sanctuary with balcony and stained glass, plus atrium, offices, meeting rooms and large event room. 5,697 SF first-floor space for potential restaurant with existing commercial kitchen (may require upgrades). Rockford is also home to the new $300M+ Hard Rock Casino and the famous Anderson Japanese Gardens. Potential uses include event or wedding venue, theater, restaurant, arts education, offices, coworking, museum or cultural center, church or ministry campus. Parcel #'s 11-23-177-015 and 11-23-177-013. Buyer to verify all information, including zoning, parking and permitted uses. Don't miss this one-of-a-kind opportunity. Contact agent for showing today.

Property Highlights

Property Type: Commercial - Business
Building Description: 3.0 stories
Year Built: 1903
Lot Size: 1.34 acres

General Information

County: Winnebago
Listed By:
HomeStar Agency 773-663-0422
MRED MLS
$299,000
Est. $2,067/mo
New to the Market Active
SQUARE FEET47,605 MLS#12804315
STATUSActive PROPERTY TYPECommercial - Business

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Ruhl&Ruhl Realtors
563.441.1776

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406 N Main Street, Rockford, IL 61103.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $299,000$299,000$299,000
Down Payment $59,800$10,465$74,750
Monthly Mortgage Amount $1,551$1,929$1,923
Taxes $416$416$416
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$132$0
Monthly Estimated Total $2,067$2,577$2,439

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