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    6870 Old Town Sq Rockford, MI 49341

    For Sale
    $499,000

    Shovel-ready commercial lot in thriving community.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 0.37-acre commercial lot in Rockford, MI, presents a unique opportunity for development. Located at 6870 Old Town Square NE, this fully improved site boasts existing utilities and ample parking infrastructure, eliminating significant upfront costs and delays. The property is situated within a vibrant, completely sold-out residential community of 166 homes, guaranteeing a substantial and readily available customer base. This built-in clientele is further enhanced by the presence of established and soon-to-be established anchor tenants, including an existing Ric's Food Center and a forthcoming Bigby Drive Thru (anticipated opening Spring 2025), along with medical offices. This combination of residential density and strong commercial anchors ensures high foot traffic and visibility, creating an ideal environment for a variety of businesses. The property is perfectly suited for retail establishments, restaurants, or professional service providers seeking a prime location in a high-demand market. The "shovel-ready" nature of the lot allows for immediate commencement of construction, minimizing time to market and maximizing return on investment. This is an unparalleled opportunity to establish a thriving business in a flourishing community. The asking price is $499,000.

    Property Features for 6870 Old Town Sq

    General Information

    Property type
    Retail properties
    Lot Size
    16,117 SF

    Building Details

    Year Built
    2014
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Rockford
    County
    Kent
    State
    Michigan
    Longitude
    -85.5329
    Latitude
    43.1206

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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 6870 Old Town Sq Rockford, MI.
    What is the asking price?
    The asking price for this property is $499,000.
    (616) 608-4201
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    6870 Old Town Sq 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
    6870 Old Town Sq Rockford, MI 49341
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