Restaurant Outparcel
6904 Argus Dr Rockford, IL 61107
6904 Argus Dr, Rockford, IL, 61107
Contact for pricing
For Sale
Contact for pricing
Restaurant outparcel building formerly occupied by Hooters, available for sale or lease near a Home Depot.
Property Size4,886 SF
Price / SF$306
Days on Market135
Property Features for 6904 Argus Dr
General Information
- Standard status
- Active
- Size
- 4,886 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2001
Listing agency
APEX Commercial Real Estate Advisors
(248) 702-0940
Listed by
Ayson Shammami · License #6502433307
Source
Crexi
Added: Mar 9 Updated: Jul 21 at 4:58AM Checked: Jul 21 at 4:58AM
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 APEX Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This restaurant outparcel building was formerly occupied by Hooters and is offered for sale or lease. The property is a commercial real estate asset configured for restaurant use, presenting a straightforward option for operators seeking a ready-to-market footprint.
The offering is described as a Home Depot outparcel, supporting convenience for daytime and retail-oriented activity tied to the shopping center environment.
The sale/lease listing does not provide additional details on interior condition, layout, or improvements beyond the former restaurant use.
The offering is described as a Home Depot outparcel, supporting convenience for daytime and retail-oriented activity tied to the shopping center environment.
The sale/lease listing does not provide additional details on interior condition, layout, or improvements beyond the former restaurant use.
Key Highlights
- Year built: 2001
- Former Hooters restaurant building
- Restaurant outparcel building available for sale or lease near a Home Depot
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.8k | $19.20 |
| − Vacancy | −$2.8k | −$0.58 |
| EGI | $91.0k | $18.62 |
| − OpEx | −$22.7k | −$4.66 |
| NOI | $68.2k | $13.97 |
4,886 SF · lease $19.20/SF/yr · vacancy 3.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$975.0K
$853.1K – $1.14M
NOI $68,248 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $90,973 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rockford Iron Fencing
Metal Fabrication Plant
Hooters
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Restaurant outparcel building formerly occupied by Hooters, available for sale or lease near a Home Depot.
Where is this conventional restaurant located?
The property is located at 6904 Argus Dr Rockford, IL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Year built: 2001; Former Hooters restaurant building; Restaurant outparcel building available for sale or lease near a Home Depot
