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    Xxxx Royal Oaks Rd Rockford, IL 61107

    Sponsored
    For Sale
    $855,000

    10.84 Acres, I-90 Visibility, Divisible

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 10.84-acre commercial land parcel presents a unique investment opportunity in Rockford, Illinois. Strategically located just north of I-90 (64,800 vehicles per day), at the busiest interchange in Rockford, this property boasts unparalleled visibility and accessibility. The site is conveniently situated near the intersection of Lyford Road and East State Street, providing easy access to major thoroughfares. The property's C1 zoning allows for a variety of commercial uses. The land may be divided, offering flexibility for developers and investors. Its proximity to the Hard Rock Casino, slated to open in 2024, further enhances its potential for significant future growth and value appreciation. The asking price is just under $855,000 for the entire site, encompassing two parcels with APNs 12-23-228-005 & 12-23-228-006. Located at XXXX Royal Oaks Rd and 79XX Brixham Rd, Rockford, IL 61107, this property offers a compelling combination of location, size, and potential, making it an ideal investment for discerning buyers. The property is situated in Winnebago County.

    Property Features for 0 Xxxx Royal Oaks Rd

    General Information

    Property type
    Land
    Lot Size
    472,190 SF

    HighLights

    • 10.84‑acre site with I‑90 visibility.
    • Divisible parcel.
    • Prime location at Rockford's busiest interchange (I‑90/E. State St., 64,800 VPD), just north of I‑90.
    • Convenient access to E. State St. via Lyford Rd. signal.
    • Half‑mile from the Hard Rock Casino (opening 2024).
    • Offered at $854,900.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -88.9594936
    Latitude
    42.2822043

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    FAQs

    What type of property is this?
    Land - 10.84 Acres, I-90 Visibility, Divisible
    Where is this land located?
    The property is located at Xxxx Royal Oaks Rd Rockford, IL.
    What is the asking price?
    The asking price for this property is $855,000.
    What are key features of this property?
    This property features: 10.84-acre site with I-90 visibility.; Divisible parcel.; Prime location at Rockford's busiest interchange (I-90/E. State St., 64,800 VPD), just north of I-90.
    (815) 218-3438
    Request Owner's contact information
    Xxxx Royal Oaks Rd 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
    Xxxx Royal Oaks Rd Rockford, IL 61107
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