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    6700 Garrett Ln Rockford, IL 61107

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    For Sale
    Contact for pricing

    11.82 acres of commercial land approved for apartment development.

    Lot size:
    11.82 Acres

    Property Features for 6700 Garrett Ln

    General Information

    Lot size
    11.82 Acres

    Source: CBRE, INC. Agent Karen Walsh

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

    Overview

    11.82 Acres Commercial Land Available

    This 11.82-acre commercial land is available for sale and is currently zoned C1 - Limited Office. The site has been approved for a 240-unit, three-story apartment development. The property is situated south of Midway Village Museum and Guilford County Forest Preserve, near N. Perryville Rd. and E. State St., which is considered Rockford's prime retail and commercial corner. It is located under 5 minutes from the I-90 and E. State St. interchange.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness 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
    -88.990144
    Latitude
    42.2738893

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    FAQs

    What type of property is this?
    Land - 11.82 acres of commercial land approved for apartment development.
    Where is this land located?
    The property is located at 6700 Garrett Ln Rockford, IL.
    What are key features of this property?
    This property features: - Approved for **240-unit three-story apartment development**; - 11.82 Acres for Sale; - Under 5 minutes to I-90/E. State St. interchange
    (815) 218-3438
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    6700 Garrett Ln Rockford, IL 61107
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    Rockford, IL 61107
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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
    6700 Garrett Ln Rockford, IL 61107
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