Multi-Tenant Neighborhood Shopping
6344 Riverside Blvd, Loves Park, IL 61111
For Sale
New
Contact for pricing
The center combines retail and service businesses with an available suite and staggered lease expirations.
Property Size23,140 SF
Lot Size2.09 Acres
Price / SF$207.43
Days on Market7
Property Features for 6344 Riverside Blvd
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Additional Details
Highway Access
Tenant in Place
Building Details
Year Built
Tenancy
Listing Agency:
Dickerson Nieman Commercial
(815) 877-5995
Listed By:
Bobby Walsh · License #471020452
(773) 551-2366
Source:
Moodyscre
Added: Nov 3
Changed: Nov 5
Last Checked: Nov 8 at 7:59AM
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 Dickerson Nieman Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
East Riverside Center is a multi-tenant retail property on approximately 2.09 acres in Loves Park, Illinois. Built in 2009, it has a mix of restaurant, retail, personal service, and professional tenants. Occupancy is 94.2%, with a vacant 1,320-square-foot retail suite. Lease expirations are staggered, and leases include contractual rental increases.
The property fronts East Riverside Boulevard and is near connections to Interstate 90 and Illinois Route 251. Its location serves the Rockford metropolitan area, which has a population of approximately 337,000. Reported 2025 operating cash flow is approximately $379,970, corresponding to a historical capitalization rate of 7.92%.
The property fronts East Riverside Boulevard and is near connections to Interstate 90 and Illinois Route 251. Its location serves the Rockford metropolitan area, which has a population of approximately 337,000. Reported 2025 operating cash flow is approximately $379,970, corresponding to a historical capitalization rate of 7.92%.
Key Highlights
- 94.2% occupied, with a 1,320‑square‑foot vacant retail suite
- Approximately 2.09 acres along East Riverside Boulevard in Loves Park
- Built in 2009
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$340,780
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,815,600
$6.8M
Cap Rate 7%
$4,868,286
$4.9M
Cap Rate 9%
$3,786,444
$3.8M
Market Conditions
NOI Build-Up for 23,140 SF
Gross rent
$499.8K $21.60/SF
− Vacancy
−$13.0K −$0.56/SF
EGI
$486.8K $21.04/SF
− OpEx
−$146.0K −$6.31/SF
NOI
$340.8K $14.73/SF
Area
Winnebago County, IL
Vacancy
2.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,815,600
Cap Rate 7%
$4,868,286
Cap Rate 9%
$3,786,444
Alternative Uses
Best Use
Retail
$4.87M
$4.26M – $5.68M
NOI $340,780 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.31M
$5.52M – $7.36M
NOI $441,511 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
94.2%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
924
Businesses Nearby
79k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 31%
Electronics 2%
Culver's
Dining
24,080 visits/mo
0.4 miles
Wendy's
Dining
15,259 visits/mo
0.5 miles
The UPS Store
Shops & Services
11,714 visits/mo
0.2 miles
Rockford #2
Shops & Services
9,033 visits/mo
0.5 miles
Dunkin' Donuts
Dining
8,919 visits/mo
0.3 miles
Demographics for 61111, IL
23,028
Population
10,248
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
92%
High-School Grad
14.2 sq mi
ZIP Area
1,622
Density / Sq Mi
$58,391
Median Household Income
$42,751
Median Earnings
$1,101
Median Rent
$143,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Day Dra Plaza — 4001 N Perryville Rd, Loves Park, IL 61111
Frequently Asked Questions
What type of property is this?
Shopping center - The center combines retail and service businesses with an available suite and staggered lease expirations.
Where is this shopping center located?
The property is located at 6344 Riverside Blvd Loves Park, IL.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 94.2% occupied, with a 1,320‑square‑foot vacant retail suite; Approximately 2.09 acres along East Riverside Boulevard in Loves Park; Built in 2009
