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    3XX Ware Ave Rockford, IL 61107

    Sponsored
    For Sale
    $299,000

    1.22-acre C2 zoned commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 1.22-acre commercial land parcel presents a remarkable investment opportunity in Rockford, Illinois. Located at 3XX Ware Avenue, zip code 61107, this property is zoned C2, offering a wide range of potential commercial development options. The expansive lot size provides ample space for various projects, from small-scale retail businesses to larger-scale commercial ventures. Its strategic location within Rockford ensures excellent visibility and accessibility, making it an ideal site for attracting customers and clients. The property's address is easily identifiable and conveniently situated within the city's established commercial infrastructure. With its prime location and flexible zoning, this land parcel represents a significant opportunity for investors seeking to establish a presence in a thriving Illinois market. The asking price of $299,000 makes this an attractive proposition for those looking to capitalize on Rockford's growing economy. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land offering. The property is ready for development, providing a streamlined path to realizing your commercial vision. Don't miss this chance to acquire a valuable asset in a dynamic and promising location. Further details are available upon request.

    Property Features for 3XX Ware Ave

    General Information

    Property type
    Land
    Lot Size
    53,143 SF

    HighLights

    • $299,000 asking price.
    • 1.22‑acre commercial land parcel.
    • C2 zoning.
    • Located at 3XX Ware Avenue, Rockford, IL 61107.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -88.9782248
    Latitude
    42.2735518

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    FAQs

    What type of property is this?
    Land - 1.22-acre C2 zoned commercial lot.
    Where is this land located?
    The property is located at 3XX Ware Ave Rockford, IL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: $299,000 asking price.; 1.22-acre commercial land parcel.; C2 zoning.
    Request Owner's contact information
    3XX Ware 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
    3XX Ware Ave Rockford, IL 61107
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