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    Armer Dr Rockford, IL 61109

    Sponsored
    For Sale
    $1,105,000

    Prime Rockford commercial land, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 10.15-acre commercial land parcel presents a unique investment opportunity in Rockford, Illinois. Strategically located near a thriving mix of residential and retail establishments, this property benefits from a high volume of daily traffic, ensuring excellent visibility and accessibility for any commercial venture. Its proximity to Interstate 39 (less than one mile) provides easy access to major transportation routes, further enhancing its appeal. The area boasts a robust business environment, with over 200 businesses within a one-mile radius, creating a strong foundation for growth and success. The property is zoned CG, offering flexibility for a variety of commercial uses. Each lot is priced at $2.50 per square foot, representing a compelling value proposition for developers and investors seeking a prime location in a dynamic market. This substantial acreage offers significant potential for a wide range of commercial developments, capitalizing on the existing infrastructure and high traffic count. The property's location in Winnebago County, with a Rockford address and 61109 zip code, provides easy identification and access. This is an exceptional opportunity to acquire a significant commercial land parcel in a high-demand area.

    Property Features for 0 Armer Dr

    General Information

    Property type
    Land
    Lot Size
    442,134 SF

    HighLights

    • 10.15‑acre commercial land parcel in Rockford, IL.
    • High‑traffic location near residential and retail, offering excellent visibility and accessibility.
    • Less than one mile from I‑39, providing easy access to major transportation routes.
    • CG zoning allows for diverse commercial uses.
    • Priced at $2.50/sq ft.
    • Located in Winnebago County, zip code 61109.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -88.98110252
    Latitude
    42.2333187

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    FAQs

    What type of property is this?
    Land - Prime Rockford commercial land, high traffic area.
    Where is this land located?
    The property is located at Armer Dr Rockford, IL.
    What is the asking price?
    The asking price for this property is $1,105,000.
    What are key features of this property?
    This property features: 10.15-acre commercial land parcel in Rockford, IL.; High-traffic location near residential and retail, offering excellent visibility and accessibility.; Less than one mile from I-39, providing easy access to major transportation routes.
    (815) 218-1371
    Request Owner's contact information
    Armer Dr Rockford, IL 61109
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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
    Armer Dr Rockford, IL 61109
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