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    2647 Main St Rockford, IL 61103

    Sponsored
    For Sale
    $599,000

    0.47-acre commercial lot, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 0.47-acre commercial land parcel, located at 2647 N Main St in Rockford, Illinois, presents a compelling investment opportunity. Situated on North Main Street, at a signalized intersection, this fee-simple property benefits from high visibility and significant daily traffic counts of 13,211 vehicles. The property's C2 zoning allows for a wide range of commercial uses, making it ideal for various businesses. Adding to its appeal is a parking easement with an adjacent property, ensuring ample parking for customers. The location is further enhanced by its proximity to the prestigious Rockford Country Club and a cluster of successful businesses including Genea Healthcare, Panino's Italian Restaurant, Domino's Pizza, and Walgreens. The strong demographic profile of the area, boasting a population of 166,908 within a 5-mile radius and a daytime population of 170,470, coupled with 68,633 households and an average household income of $68,633, provides a robust customer base. Utilities including water, sewer, gas, and electric are readily available, simplifying the development process. This prime location offers unparalleled potential for commercial development and significant return on investment. The asking price for this exceptional property is $599,000.

    Property Features for 2647 Main St

    General Information

    Property type
    Land
    Lot Size
    20,473 SF

    HighLights

    • 0.47‑acre commercial lot at 2647 N Main St, Rockford, IL.
    • High‑traffic location on N Main St at a signalized intersection (13,211 VPD).
    • Includes parking easement with adjacent property.
    • Excellent location near Rockford Country Club.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.0766709
    Latitude
    42.3011804

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    FAQs

    What type of property is this?
    Land - 0.47-acre commercial lot, high traffic area.
    Where is this land located?
    The property is located at 2647 Main St Rockford, IL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: 0.47-acre commercial lot at 2647 N Main St, Rockford, IL.; High-traffic location on N Main St at a signalized intersection (13,211 VPD).; Includes parking easement with adjacent property.
    Request Owner's contact information
    2647 Main St Rockford, IL 61103
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    Rockford, IL 61103
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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
    2647 Main St Rockford, IL 61103
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