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    3001 Perryville Rd Rockford, IL 61114

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail center, spaces from 1,008 sq ft

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This Rockford, IL retail property, located at 3001 N Perryville Rd, offers multiple storefront spaces within a 20,000 sq ft building on 3 acres of land. Built in 2005, the single-story building features 20 suites, with 4,337 sq ft currently vacant, divisible to a minimum of 1,008 sq ft and ranging up to 1,745 sq ft. The property boasts 226 parking spaces and excellent visibility from Perryville Road and Spring Creek Road, benefiting from high daily traffic counts of 43,000 vehicles. This prime location is situated at a major intersection, serving as a key artery connecting Rockford, Loves Park, and Machesney Park, and acting as a gateway between Winnebago and Boone Counties. The center is anchored by Woodman's Grocery Store and includes notable tenants such as Starbucks, Jimmy John's, Porch, Panchero's, and Nails USA. The property is zoned commercial and offers significant advantages due to its location in Rockford, IL, a city described as possessing "the best of both worlds – big city atmosphere and small town charm," with easy access to major metropolitan areas and a strong local economy supported by diverse businesses and cultural attractions. This presents a unique opportunity for businesses seeking high visibility and access within a thriving community.

    Property Features for 3001 Perryville Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF

    Building Details

    Year Built
    2005
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 113
    Size
    1,008 SF
    Space
    Suite 3007
    Size
    1,745 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Starbucks Coffee Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -88.978796736699
    Latitude
    42.305085827432

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail center, spaces from 1,008 sq ft
    Where is this individual retail property located?
    The property is located at 3001 Perryville Rd Rockford, IL.
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    3001 Perryville Rd Rockford, IL 61114
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    Rockford, IL 61114
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    Realmo Value Estimation

    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.

    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.

    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
    3001 Perryville Rd Rockford, IL 61114
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