Cornerstone Medical Building
Rockford, IL 61107
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Marcus & Millichap is pleased to announce the offering of the Cornerstone Medical Building located at 1235 North Mulford Road in Rockford, Illinois. This attractive two-story, elevator-served medical office building was constructed in 1988 and renovated in 2003. Comprised of 61,174 square feet, the subject is situated in close proximity to four different hospitals with an aggregate of 1,068 beds.
The project is anchored by Medical Pain Management Services who occupies 18% of the project. MD SkinCenter and Northern Illinois Retina occupy an additional 31%. The MOB has a solid anchor tenant and diverse mix of specialized tenant spaces.
The subject property is located with convenient access to Interstates 90 and 30, two of Rockford, Illinois’ major throughways. With a prime location, 84.8% occupancy, stable anchor tenants, and diverse practices, the Cornerstone Office Building offers investors stable income and makes this an attractive real estate investment.
- 61,174-Square Foot, Multi-Tenant, Medical Office Building
- 60% Leased Through 2024
- Located in Close Proximity to Four Hospitals with 1,068 Beds
- Value-Add Opportunity - 84.8% Occupied
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- Marcus & Millichap is pleased to announce the offering of the Cornerstone Medical Building located at 1235 North Mulford Road in Rockford, Illinois.
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