Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3711 Oak Grove Avenue Rockford, IL 61108

    View on Map
    Claim this Listing
    For Sale
    $45,000

    LAND - Rockford, IL

    Lot size:
    0.36 Acres
    Added:
    Dec 18, 2025
    Days on Market:
    120
    Last Refresh:
    Apr 17 at 11:06 pm

    Property Features for 3711 Oak Grove Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SINGL
    Standard status
    Active
    APN
    1230229009
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    870

    We can help!

    Listing Contact
    Mirna Guzman

    Listing agent Mirna Guzman License #475194001

    Listing office eXp Realty 10 N Martingale Rd Suite 400, Chicago, IL

    Listing date Dec 18, 2025

    MLS# 12535569 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Lot in Rockford, IL

    This 0.36-acre lot is available in Rockford, Illinois. The property is zoned R-1 residential and is located near local stores and restaurants. The location is within the Rockford school district.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.038939
    Latitude
    42.264728

    Nearby Similar for Sale

    • $99,800

      Commercial Land with Repurpose Potential

      1.92 acres of commercial land with repurpose opportunities.
      2520 N Main Street, Rockford, IL 61107
      View Details
    • $320,000

      Turnkey Furnished Rental Portfolio

      Fully occupied 6-unit rental property with proven income.
      718 Seminary, ROCKFORD, IL 61104
      View Details
    • $395,000

      Downtown Rockford Mixed-Use Investment

      Mixed-use property with immediate income and value-add potential.
      308-310 E State, ROCKFORD, IL 61104
      View Details
    • $320,000

      Turnkey Furnished Rental Portfolio

      Fully occupied 2-unit rental property with proven income.
      712 Seminary, ROCKFORD, IL 61104
      View Details
    • $320,000

      Turnkey Furnished Rental Portfolio

      Fully occupied 6-unit rental property with proven income.
      722 Seminary, ROCKFORD, IL 61104
      View Details
    • $3,200,000

      Rockford Commercial Property for Sale

      Commercial property available in Rockford, Illinois.
      3442 Merchandise Drive, Rockford, IL 61109
      View Details
    • $725,000

      Equestrian Property with Covered Arena

      Turnkey horse property with arena, stalls, and modern amenities.
      5382 GUILFORD, ROCKFORD, IL 61107
      View Details
    • $324,900
      3,350 SF

      Six-Unit Multifamily Investment Opportunity

      Six-unit multifamily property with rental potential in Rockford, Illinois.
      909-911 Ridge, ROCKFORD, IL 61103
      View Details
    • $578,400

      Rockford Land Near Hard Rock

      Buildable lot near I90/I39 and Hard Rock Casino.
      1255 Tebala, ROCKFORD, IL 61108
      View Details
    • $699,000
      3,100 SF

      ROCKFORD Multifamily Investment Opportunity

      Five-unit property in Rockford, Illinois with immediate cash flow.
      3420 Harrison Ave, ROCKFORD, IL 61108
      View Details
    • $224,900

      Rockford Commercial Property with Storage

      Commercial property with storage, overhead doors, and customization potential.
      2111 11TH Street, Rockford, IL 61104
      View Details
    • $120,000
      3,500 SF

      ROCKFORD Four-Unit Income Property

      Four-unit property in Rockford, Illinois, with income potential.
      3207 Kishwaukee, ROCKFORD, IL 61109
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in Rockford, near stores and restaurants.
    Where is this residential land & home lot located?
    The property is located at 3711 Oak Grove Avenue Rockford, IL.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: Desirable R‑1 residential zoning; Rockford schools are nearby; Lot available for your dream home
    (888) 574-9405
    We can help!
    Listing Contact
    Mirna Guzman
    Real Estate License ID: 475194001
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!