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    599 Springfield Ave Rockford, IL 61101

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    For Sale
    Contact for pricing

    Prime Rockford commercial land, ideal for QSR development. High traffic location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.29-acre commercial lot in Rockford, Illinois, presents a remarkable investment opportunity. Located at 599 N Springfield Ave, in Winnebago County, zip code 61101, this property boasts a highly desirable C-3 General Commercial District zoning, permitting a wide range of commercial uses. The site benefits from exceptional visibility and accessibility, situated along Springfield Avenue with an average daily traffic count of 11,700 vehicles. Its strategic location near numerous schools and residential areas makes it particularly well-suited for quick-service restaurants (QSRs). The property's size allows for ample parking, patio space, and multiple points of access. Strong surrounding tenants include Family Dollar, ALDI, Walgreens, DaVita Dialysis, Save-a-Lot, and AutoZone, indicating a thriving commercial environment. Rockford's robust and diverse demographics, coupled with ongoing local government investment, further enhance the property's appeal. The site is conveniently located an 8-minute drive from Downtown Rockford, serving a population of over 92,000 residents within a 5-mile radius. This is a rare opportunity to acquire a large, well-located commercial parcel in a growing market.

    Property Features for 599 Springfield Ave

    General Information

    Property type
    Land
    Lot Size
    143,312 SF

    HighLights

    • 3.29‑acre commercial lot in Rockford, IL, at 599 N Springfield Ave.
    • C‑3 General Commercial zoning allows diverse commercial uses.
    • High visibility and accessibility on Springfield Ave (11,700 ADT).
    • Excellent location near schools, residential areas, and strong surrounding tenants (Family Dollar, ALDI, Walgreens, etc.).
    • Ample space for parking and multiple access points.
    • 8‑minute drive to Downtown Rockford, serving a population of over 92,000 within 5 miles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Hair Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop Wholesale Shop Skin Care Clinic Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.145023
    Latitude
    42.282804

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    FAQs

    What type of property is this?
    Land - Prime Rockford commercial land, ideal for QSR development. High traffic location.
    Where is this land located?
    The property is located at 599 Springfield Ave Rockford, IL.
    What are key features of this property?
    This property features: 3.29-acre commercial lot in Rockford, IL, at 599 N Springfield Ave.; C-3 General Commercial zoning allows diverse commercial uses.; High visibility and accessibility on Springfield Ave (11,700 ADT).
    (312) 279-5345
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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
    599 Springfield Ave Rockford, IL 61101
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