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Listing provided courtesy of Gambino RealtorsMREDas Distributed by MLSGrid- MLS# 12524266MLS Provider

220 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

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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
Community data courtesy of LiveBy, Inc.

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

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$ %
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$
$
Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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
Calculations provided by Reliance Network

220 N Water Street History

Date Event Value Agent
12/9/2025Source: MRED Status Change
Active
12/4/2025Source: MRED Added to Database
December 04, 2025