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    2640 N Main St Rockford, IL 61103

    For Sale
    $300,000

    2.05 acre site suitable for redevelopment with multiple buildings.

    Lot size:
    1.78 Acres

    Property Features for 2640 N Main St

    General Information

    Lot size
    1.78 Acres

    Source: GAMBINO REALTORS-Rkfd Agent Jennifer Berry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Redevelopment Opportunity on 2.05 Acres

    This property, previously used as a greenhouse, fine furniture store, and retail space, offers a redevelopment opportunity. The site includes multiple buildings and spans 2.05 acres. It is located at a signaled intersection with traffic counts exceeding 15,000 vehicles per day. The road is now complete, enhancing accessibility. The property's location and size offer potential for various ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Village Green North ... Garden Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.0780523
    Latitude
    42.3010259

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    FAQs

    What type of property is this?
    Retail space - 2.05 acre site suitable for redevelopment with multiple buildings.
    Where is this retail space located?
    The property is located at 2640 N Main St Rockford, IL.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: - Exceptional redevelopment opportunity on 2.05 acres.; - Located at a signaled intersection with **high traffic counts (over 15k VPD)**.; - Multiple buildings on the property.
    (815) 871-6156
    Request Owner's contact information
    2640 N Main St Rockford, IL 61103
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    Rockford, IL 61103
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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
    2640 N Main St Rockford, IL 61103
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