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    Northern Ave Rockford, IL 61107

    Sponsored
    For Sale
    $3,179,844

    Prime 6-acre commercial lot, ideal for development. High traffic count, near new casino.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 6.08-acre commercial land parcel, located on Northern Avenue in Rockford, Illinois (zip code 61107), presents a unique investment opportunity. Zoned C3, this fee-simple property boasts a highly desirable location with exceptional visibility and a significant daily traffic count exceeding 14,000 vehicles. The asking price is $3,179,844, translating to $12 per square foot of land value. Its strategic proximity to the new Hard Rock Casino, slated to open in 2024, further enhances its potential for substantial returns. The property is already subdivided into four separate lots, offering flexibility for individual sale or development as a cohesive unit. This prime location in Winnebago County, Illinois, offers unparalleled access to a thriving market and presents a compelling opportunity for investors seeking high-impact commercial development in a rapidly growing area. The property's advantageous zoning and high traffic volume make it an ideal site for a variety of commercial ventures. Don't miss this chance to acquire a piece of Rockford's burgeoning commercial landscape.

    Property Features for 0 Northern Ave

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -88.953338871241
    Latitude
    42.273729520038

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    FAQs

    What type of property is this?
    Land - Prime 6-acre commercial lot, ideal for development. High traffic count, near new casino.
    Where is this land located?
    The property is located at Northern Ave Rockford, IL.
    What is the asking price?
    The asking price for this property is $3,179,844.
    (815) 315-1111
    Request Owner's contact information
    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
    Northern Ave Rockford, IL 61107
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