Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Shovel Ready Land For Development Title is generated by Realmo AI

    4628 South Main Street, Rockford, IL 61102

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Up to 80 acres of shovel ready land for development.

    Type:Land
    Lot size:
    80.00 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    59
    Last Refresh:
    Mar 18 at 8:28 am

    Property Features for 4628 South Main Street

    General Information

    Standard status
    Active
    Lot size
    80.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Karen Walsh
    Karen Walsh

    Listing agent Karen Walsh License #471015351

    Listing office CBRE, INC.

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE, INC.

    HighLights

    • Up to 80 acres of shovel ready land for development
    • Situated at Bypass 20 four‑way interchange connecting with I‑39/I‑90 in under 5 miles
    • Under 5 minutes to Chicago Rockford International Airport cargo handling facilities
    • Signalized park entrance from South Main St.
    • All utilities in roadway leading to site
    • Proximity to UPS 2nd largest US sorting station, db Schenker, Emery Air, Fed Ex

    Overview

    This property offers up to 80 acres of shovel-ready land suitable for development. It is situated at the Bypass 20 four-way interchange, connecting with I-39/I-90 less than 5 miles to the east. The location provides convenient access to transportation networks. A signalized park entrance is accessible from South Main Street. The property is located less than 5 minutes from Chicago Rockford International Airport cargo handling facilities. The area includes UPS's 2nd largest US sorting station at the airport, along with other handlers such as db Schenker, Emery Air, and Fed Ex. All utilities are available in the roadway leading to the site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hardees Restaurant CAT Scale Parking Lot & Garage Love's Travel Stop Parking Lot & Garage Native Root Medical ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Kitchen & Bath Showroom Storage Facility HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.1026299
    Latitude
    42.2159718

    Nearby Similar for Lease

    • $11 SF/Yr
      4,193 SF

      Rockford East Side Retail Center

      Retail and office spaces available in established Rockford shopping center.
      3600 East State Street, Rockford, IL, 61108
      View Details
    • $14 SF/Yr
      56,000 SF

      Rockford Retail/Office Space Available

      Retail and office units available in established neighborhood center.
      300-320 N. Alpine Road, Rockford, IL 61107
      View Details
    • $15 SF/Yr
      1,455 SF

      Move-in Ready Medical Office Space

      Retail/medical space available at Riverside Pavilion with high visibility.
      5947 E Riverside Blvd, Rockford, IL
      View Details
    • $13 SF/Yr
      3,200 SF

      Automotive Center End Unit

      3,200 SF end unit with multiple overhead doors.
      1701-1719 E Riverside Blvd, Rockford, IL
      View Details
    • $9 SF/Yr
      8,559 SF

      Rockford Office Space For Rent

      Highly versatile office space in a premier Rockford location.
      4960 East State St., Rockford, IL
      View Details
    • $19 SF/Yr
      5,551 SF

      Turnkey Bar & Grill Opportunity

      Fully equipped bar and grill available for lease assignment.
      5880 E State St, Rockford, IL
      View Details
    • $8 SF/Yr
      5,400 SF

      Office Space with Street Visibility

      Office spaces available with street visibility and signage included.
      4223 E State St, Rockford, IL
      View Details
    • $9 SF/Yr
      9,384 SF

      Class A Office Space Available

      Premier Rockford office space with move-in ready layout.
      4940 E. State Street, Rockford, IL
      View Details
    • $17 SF/Yr

      Move-in Ready Dental Office Space

      Fully built-out dental office with six operatories for rent.
      1107 S Mulford Rd, Rockford, IL 61108
      View Details
    • $2,500/Mo
      5,800 SF

      Prime Industrial Building with Solar

      5,800 sq ft industrial building with upgraded offices and solar.
      4583 AMERICAN ROAD, Rockford, IL
      View Details
    • $18 SF/Yr
      34,500 SF

      Downtown Rockford Office Space Available

      Eight-story highrise with panoramic views and flexible office spaces.
      303 N MAIN STREET, Rockford, IL
      View Details
    • Contact for pricing
      40,731 SF

      Rockford Retail Space on State

      40,731 SF retail space available on Rockford’s top retail corridor.
      7340 East State Street, Rockford, IL, 61108
      View Details

    FAQs

    What type of property is this?
    Land - Up to 80 acres of shovel ready land for development.
    Where is this land located?
    The property is located at 4628 South Main Street Rockford, IL.
    What are key features of this property?
    This property features: Up to 80 acres of shovel ready land for development; Situated at Bypass 20 four‑way interchange connecting with I‑39/I‑90 in under 5 miles; Under 5 minutes to Chicago Rockford International Airport cargo handling facilities
    (815) 218-3438
    We can help!
    Listing Contact
    Karen Walsh
    Karen Walsh
    Real Estate License ID: 471015351
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4628 South Main Street, Rockford, IL, 61102
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!