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810 N Alpine Rd
Rockford, IL 61107
Single-Tenant Gallagher Insurance Office · Office Property For Sale

Investment Highlights

  • Global Insurance Brokerage and Risk Management Leader - Arthur J. Gallagher & Co. (“Gallagher Insurance Group”)
  • Long-Term Lease With Corporate Guarantee - Tenant is Assured Partners of Illinois LLC, with the lease guaranteed by Arthur J. Gallagher & Co.
  • Resilient Industry Performance - The insurance and risk management sector is highly stable and countercyclical.
  • Publicly Traded Fortune 500 Company Headquartered in Rolling Meadows, IL - Gallagher (NYSE: AJG) reported over $10.6 billion in 2024 revenue.
  • Strategic U.S. Headquarters Presence - Gallagher’s headquarters campus anchors a strong suburban Chicago office corridor.
  • Credit-Quality Tenant With Global Recognition - Gallagher holds an investment-grade credit rating (Fitch: BBB+), reflecting financial stability.

Executive Summary

Marcus & Millichap is pleased to present the opportunity to acquire the fee simple interest in a property leased to Assured Partners of Illinois LLC and guaranteed by Arthur J. Gallagher & Co., a globally recognized leader in insurance brokerage, risk management and consulting services.
Founded in 1927, Gallagher operates through a vast network of offices across North America, Europe, Asia-Pacific, and the Middle East, providing localized expertise supported by a global platform. The company continues to expand its reach through strategic acquisitions and organic growth, maintaining consistent revenue and earnings momentum.
As a publicly traded Fortune 500 company (NYSE: AJG) with more than 48,000 employees, Gallagher has achieved 10+ consecutive years of dividend increases and double-digit revenue growth driven by robust client demand across industries.
Located on the 27,100+ VPD signalized intersection of North Alpine Road and Guilford Road, the Subject Property is 0.5 miles from a UW Health clinic, near several schools, and 0.85 miles north of U.S. Route 20 Business. Rockford is home to the country’s sixth-largest concentration of aerospace manufacturing and the second-largest UPS cargo hub.
This offering presents an investor with the stability of an investment-grade corporate tenant, a premier Rockford location, and a long-term lease structure offering passive, durable income backed by one of the most respected names in global insurance.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
12,262 SF
Building Class
C
Year Built/Renovated
1988/2018
Price
$2,100,000
Price Per SF
$171.26
Cap Rate
7.78%
NOI
$163,339
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
6,131 SF
Building FAR
0.12
Lot Size
2.38 AC
Zoning
Commercial
Parking
48 Spaces (3.91 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Monument Signage

Property Taxes

Property Taxes

Parcel Number
12-20-180-011
Land Assessment
$61,451
Improvements Assessment
$199,971
Total Assessment
$261,422
  • Listing ID: 39181452

  • Date on Market: 1/22/2026

  • Last Updated:

  • Address: 810 N Alpine Rd, Rockford, IL 61107

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