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    1706 Rural St Rockford, IL 61107-3139

    Sponsored
    For Sale
    $399,900

    Rockford, IL commercial building, $399,900

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This prime Rockford, Illinois commercial property, located at 1706 Rural Street, presents a unique investment opportunity. The 6,970 square foot lot features a building previously used as a grocery store and small bank, complete with a drive-through. The property boasts a full-sized basement ideal for storage or expansion, and a second floor currently used for storage but offering potential for renovation into additional business space. A large back area with a garage door provides convenient access for deliveries or extra storage. Situated at a high-traffic, six-corner location, this Class C building offers excellent visibility and accessibility. Sold as-is, this property provides a blank canvas for customization, allowing for diverse business applications. The property's location in Winnebago County, Illinois, zip code 61107, ensures high potential for growth and development. This is an exceptional chance to acquire a versatile commercial property in a bustling area. The asking price is $399,900. Ownership is offered outright.

    Property Features for 1706 Rural St

    General Information

    Property type
    Land
    Class
    C

    HighLights

    • Prime Rockford, IL commercial property at 1706 Rural Street, offering a unique investment opportunity.
    • 6,970 sq ft lot with a former grocery store/bank building including a drive‑through.
    • Full basement for storage or expansion, plus a second‑floor storage area with renovation potential.
    • Large rear area with garage door for convenient access.
    • High‑traffic, six‑corner location in Winnebago County (61107) offering excellent visibility.
    • Class C building, sold as‑is, for $399,900.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rockford Porta Potties ... Portable Toilet Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.0674604
    Latitude
    42.2744491

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    FAQs

    What type of property is this?
    Land - Rockford, IL commercial building, $399,900
    Where is this land located?
    The property is located at 1706 Rural St Rockford, IL.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Prime Rockford, IL commercial property at 1706 Rural Street, offering a unique investment opportunity.; 6,970 sq ft lot with a former grocery store/bank building including a drive-through.; Full basement for storage or expansion, plus a second-floor storage area with renovation potential.
    Request Owner's contact information
    1706 Rural St Rockford, IL 61107-3139
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    Rockford, IL 61107-3139
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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
    1706 Rural St Rockford, IL 61107-3139
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