Listing provided courtesy of Gambino RealtorsMREDas Distributed by MLSGrid- MLS# 12524266
Images
Request Info220 N Water StreetRockford, IL 61107
Commercial · 48,600 Sq. ft.$1,675,000
Active
220 N Water Street Overview
- Time on Site:
- 207 days
- Visits:
- 6
Bring your creativity to this project! This 48,600 sq ft building is ready for the next step. Downtown waterfront location is ready for your project. 132ft of shoreline on the Rock River. This building has so many possibilities. Current owner envisioned 21 apartments on the top 3 floors, commercial use on the main floor with dockside restaurant and bar on the river level. It is ready to develop! New R30 TPO Roof(2024), Electric Updated(2025), Brick tuckpointed and sealed.(2025) Asbestos removed(202),5 Parking with 94 parking lot resurfaced (2025), new LED lights(2025) and new retaining wall. National Park Service Historic Part 1 approved for historic tax credit, The property is currently located within the Rockford River Edge Redevelopment Zone. The City will make available action to assist Developer in establishing eligibility for financial incentives for the Project through the River Edge Redevelopment Program administered by the State of Illinois. This is the former Rever's Marina
Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map
220 N Water Street Facts & Features
- Type Commercial
- Sq. ft. 48,600
- Price/Sq.ft. $34
Details
General
Income/Expenses
- Other Expense: 1
- Electric Expense: 1
- Fuel Expense: 1
- Gross Income: 0
- Gross Scheduled Income: 0
- Insurance Expense: 1
- Trash Expense: 1
- Water Sewer Expense: 1
Building Information
- Year Built: 1907
Location/Region
- County Or Parish: Winnebago
- MLS Area Major: Rockford
Tax Information
- Tax Annual Amount: $9,476.40
- Tax Year: 2024
General Information
- Parcel Number: 1123329001
- Property Sub Type: Mixed Use
- Property Type: Commercial Sale
- Zoning: INDUS
Interior
Building Interior
- Building Area Total: 48600
General Information
- Cooling: None
- Electric: Circuit Breakers, Fuses
- Stories: 4
Exterior
Lot Information
- Additional Parcels: Yes
- Lot Size Dimensions: 142x118x139x116
- Lot Size Square Feet: 20978
General Information
- Number Of Units Total: 1
220 N Water Street Neighborhood
Community
61107 (ROCKFORD) Demographics
44
Median Age
2,033
Population Density (per sq. mile)
44%
College Educated
$62,114
Estimated Median Income
9,002
Estimated Total Home Owners
4,540
Estimated Total Renters
66% / 34%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.220 N Water Street Monthly Cost
220 N Water Street Market Data
Based on the last 30 days in this zip code
$313,453
Average List Price
$130
Average Price per Square Foot
68
Properties Sold
50
Average Days on Market
141
Properties for Sale
220 N Water Street History
| Date | Value | Agent |
|---|---|---|
| 12/9/2025Source: MRED | Active |
|
| 12/4/2025Source: MRED | December 04, 2025 |