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Mixed-Use Community Center with Drive-Thru
For Sale
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Pending

1601 N Alpine Rd, Rockford, IL 61107

Anchored by national and service tenants including Dunkin’ with a drive-thru, with retail over 89% occupied.

Property Size155,616 SF
Days on Market330

Property Features for 1601 N Alpine Rd

General Information

Standard status Pending
Size 155,616 SF
Total Parking Spaces 410
Property subtype Mixed Use, Office, Retail
Lease Type Net
Investment Type Net Lease
Net Operating Income $1,324,073

Additional Details

Traffic Count 33,600 vehicles/day

Building Details

Year Built 1978
Buildings 6
Stories 2
Units 54
Tenancy Multi
Listing Agency: Marcus & Millichap - Indianapolis
Listed By: Forest Bender · License #IN AB21405968
Source: Crexi
Added: Oct 13, 2025 Changed: Sep 2 Last Checked: Sep 7 at 5:51AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Indianapolis

Investment Insights

Based on property information with market context.

This mixed-use community center is anchored by a strong mix of national, service-based, and medical tenants, including Dunkin’ with a drive-thru, Anytime Fitness, Ace Hardware, Edward Jones, and Addus Healthcare. The property has a history of tenant stability, with multiple tenants completing long-term lease commitments, including Ace Hardware (56 years), Dental Dimensions (36 years), Edward Jones (20 years), and Postal Shoppe (32 years). Retail space is over 89% occupied, leaving vacancy of 13,260 square feet for potential leasing and rent adjustments, while the office component is 100% leased with minimal availability.

The center is positioned at the high-traffic intersection of Alpine and Highcrest Roads, with 1,371 feet of combined frontage and exposure to 33,600 vehicles per day. Edgebrook Shops recorded nearly 1.2 million visits in the past year, supported by an Anytime Fitness ranked among the top 18% nationally for visits.

Within five miles, the area includes more than 181,000 residents and 183,000 employees, with proximity to Rockford University, OSF Saint Anthony Medical Center, and Mauh-Nah-Tee-See Country Club.

Key Highlights

  • Mixed‑use community center built in 1978 with anchored tenants including Dunkin’ (drive‑thru), Anytime Fitness, Ace Hardware, Edward Jones, and Addus Healthcare
  • Retail space over 89% occupied, with 13,260 SF vacancy for value‑add leasing and rent adjustments
  • Office component is 100% leased with minimal availability

Property Analytics

Current Use

Dunkin' Cafe & Coffee Shop

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Auto Repair Shop Big Box & Wholesale Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

33,600 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

479
Businesses Nearby

Demographics for 61107, IL

30,722
Population
13,711
Households
2.2
Avg Household Size
42
Median Age
37%
College-Educated
93%
High-School Grad
14.9 sq mi
ZIP Area
2,062
Density / Sq Mi
$75,492
Median Household Income
$42,494
Median Earnings
$1,053
Median Rent
$165,200
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Anchored by national and service tenants including Dunkin’ with a drive-thru, with retail over 89% occupied.
Where is this mixed-use property located?
The property is located at 1601 N Alpine Rd Rockford, IL.
What is the asking price?
The asking price for this property is $13,928,000.
What are key features of this property?
This property features: Mixed‑use community center built in 1978 with anchored tenants including Dunkin’ (drive‑thru), Anytime Fitness, Ace Hardware, Edward Jones, and Addus Healthcare; Retail space over 89% occupied, with 13,260 SF vacancy for value‑add leasing and rent adjustments; Office component is 100% leased with minimal availability
(317) 218-5346 Call to check price and availability
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