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    X Northern Ave Rockford, IL 61107

    Sponsored
    For Sale
    $621,720

    High-visibility commercial lot, near Hard Rock Casino.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This fee-simple commercial land parcel, located at 84XX Northern Ave, Rockford, IL 61107 (Pin# 1224328003), offers exceptional visibility and high traffic counts. Situated off East State Street, the property boasts over 14,000 vehicles per day passing by, providing significant exposure for any commercial development. The lot size is 51,810 square feet, with a land value of $12 per square foot, resulting in an asking price of $621,720. This is one of four available lots; the possibility exists to purchase all four as a single entity. The property's prime location is further enhanced by its proximity to the new Hard Rock Casino, less than half a mile away, offering significant potential for increased foot traffic and business opportunities. This presents a unique investment opportunity in a rapidly developing area of Rockford, within Winnebago County. The property is offered as a fee simple ownership. Serious inquiries are encouraged.

    Property Features for 0 X Northern Ave

    General Information

    Property type
    Land

    HighLights

    • $621,720 asking price for fee simple ownership.
    • Commercial land in Rockford, IL.
    • Land value: $12/SF.
    • High visibility lot on Northern Ave, near E. State St, with over 14,000 vehicles per day.
    • One of four available lots; potential for bulk purchase.
    • Located half a mile from the new Hard Rock Casino.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -88.955202263027
    Latitude
    42.274046412085

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    FAQs

    What type of property is this?
    Land - High-visibility commercial lot, near Hard Rock Casino.
    Where is this land located?
    The property is located at X Northern Ave Rockford, IL.
    What is the asking price?
    The asking price for this property is $621,720.
    What are key features of this property?
    This property features: $621,720 asking price for fee simple ownership.; Commercial land in Rockford, IL.; Land value: $12/SF.
    (815) 315-1111
    Request Owner's contact information
    X Northern Ave Rockford, IL 61107
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    Rockford, IL 61107
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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
    X Northern Ave Rockford, IL 61107
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