Listing Agency: Colliers - Royal Oak/Detroit, Michigan

Listed By: Barry Swatsenbarg · License #6501294779

Source: Crexi

Added: Apr 24 Changed: Aug 31 Last Checked: Aug 29 at 4:38PM

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Investment Insights

Based on property information with market context.

The Atrium is an apartment building asset located at 2885 McFarland Rd in Rockford, Illinois. The property was formerly operated as a senior living facility, providing a distinct existing-use context for evaluation.

Key Highlights

• Former senior living facility
• Located at 2885 McFarland Rd, Rockford, IL 61107
• Named The Atrium

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

555

Businesses Nearby

Explore this area Business Placement

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 Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Former senior living facility with an apartment-building classification.

Where is this apartment building located?

The property is located at 2885 McFarland Rd Rockford, IL.

What are key features of this property?

This property features: Former senior living facility; Located at 2885 McFarland Rd, Rockford, IL 61107; Named The Atrium