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    69XX Garrett Ln Rockford, IL 61107

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    For Sale
    Contact for pricing

    7.02 acres approved for 136-unit assisted living development.

    Lot size:
    7.02 Acres

    Property Features for 69XX Garrett Ln

    General Information

    Lot size
    7.02 Acres
    Source: Moodyscre

    Listing Agent: Karen Walsh

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

    Overview

    7.02 Acres For Sale

    This property features 7.02 acres of land currently zoned C1 - Limited Office. It has been approved for a 136-unit Assisted Living/Memory Care development. The site is situated south of Midway Village Museum and Guilford County Forest Preserve, near N. Perryville Rd. and E. State St., a prime retail/commercial corner in Rockford. The location is under 5 minutes from the I-90/E. State St. interchange.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -88.9836643
    Latitude
    42.2722602

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    FAQs

    What type of property is this?
    Land - 7.02 acres approved for 136-unit assisted living development.
    Where is this land located?
    The property is located at 69XX Garrett Ln Rockford, IL.
    What are key features of this property?
    This property features: - Approved for 136-unit Assisted Living/Memory Care development; - 7.02 Acres for Sale; - Currently Zoned C1 - Limited Office
    (815) 218-3438
    Request Owner's contact information
    69XX 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

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    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
    69XX Garrett Ln Rockford, IL 61107
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