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.

Both retail and multifamily perform well in the Interstate 39 Corridor/Winnebago County Submarket. The retail submarket contains roughly 22.3 million square feet of inventory. The market has approximately 4.6 million square feet of neighborhood center inventory, 1.7 million square feet of power center inventory, 790,000 square feet of strip center inventory, 1.4 million square feet of mall inventory, and 13.9 million square feet of general retail. Retail rents have changed by 1.6% year-over-year in Interstate 39 Corridor/Winnebago County. Multifamily is also well-performing. Vacancy has decreased significantly in the past year, creating an optimistic outlook for the future. As of the fourth quarter of 2024, there are no multifamily units under construction. Rents have changed by 7.0% year over year in Midtown/East, compared to a change of 5.3% metro wide. Annual rent growth of 7.0% in Midtown/East compares to the submarket's five-year average of 5.6% and its 10-year average of 3.6%.

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.

Discover the 7th Street portfolio, the perfect hands-off investment and cash-flowing opportunity.