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    6708 Promenade St Rockford, MI 49341

    For Sale
    $295,000

    Shovel-ready commercial lot in thriving community.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 0.21-acre commercial lot at 6708 Promenade Street in Rockford, MI, presents a truly unparalleled development opportunity. Completely improved and ready for immediate construction, this site boasts existing utilities and ample parking infrastructure, eliminating significant upfront development costs and timelines. Its strategic location within a vibrant, fully developed residential community of 166 homes guarantees a substantial built-in customer base, ensuring high visibility and consistent traffic. The property benefits from the presence of established anchor tenants, including a Ric's Food Center, which already generates significant foot traffic. Further enhancing the site's appeal is the upcoming arrival of a Bigby Drive Thru, slated to open Spring 2025, adding even more consumer draw. Additional medical offices in the area provide a diverse and stable customer demographic. Ideal for a variety of uses, including retail, dining establishments, or professional services, this lot offers exceptional potential for growth and profitability in a high-demand market. The property is priced at $295,000 and represents a rare chance to secure a prime location in a thriving community. Don't miss this opportunity to establish your business in this ready-to-build location. The site is fully improved and ready for immediate development.

    Property Features for 6708 Promenade St

    General Information

    Property type
    Retail properties
    Lot Size
    9,148 SF

    Building Details

    Year Built
    2014
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Gym & Fitness Wholesale Shop Accounting Firm Hotel & Motel Electronics Store Pawn Shop Bakery Garden Center Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Kent
    State
    Michigan
    Longitude
    -85.50248
    Latitude
    43.0876

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    FAQs

    What type of property is this?
    Retail property - Shovel-ready commercial lot in thriving community.
    Where is this retail property located?
    The property is located at 6708 Promenade St Rockford, MI.
    What is the asking price?
    The asking price for this property is $295,000.
    (616) 608-4201
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    6708 Promenade St Rockford, MI 49341
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    Rockford, MI 49341
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    Realmo Value Estimation

    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.

    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.

    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
    6708 Promenade St Rockford, MI 49341
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