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    Xxx Northern Ave Rockford, IL 61107

    Sponsored
    For Sale
    $846,504

    Prime commercial land, high traffic, near Hard Rock Casino.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 70,542 square foot commercial land parcel is strategically located on Northern Avenue in Rockford, Illinois, offering unparalleled visibility and accessibility. Priced at $846,504, or $12 per square foot, this fee simple ownership opportunity presents a compelling investment. The property boasts a high-traffic location, benefiting from over 14,000 vehicles per day on nearby East State Street. This is one of four available lots, presenting the option to purchase individually or acquire the entire assemblage. Its proximity to the new Hard Rock Casino further enhances its desirability and potential for significant return. The property's location in Winnebago County, Illinois, zip code 61107, provides easy access to major transportation routes and a thriving local economy. The property's PIN is 1224328004. This is an ideal site for a variety of commercial ventures, capitalizing on the high visibility and strategic location. Serious inquiries are encouraged to explore this lucrative opportunity.

    Property Features for 0 Xxx Northern Ave

    General Information

    Property type
    Land

    HighLights

    • 70,542 SF commercial land parcel in Rockford, IL.
    • $846,504 asking price ($12/SF).
    • High‑traffic location (14,000+ VPD on nearby East State Street).
    • One of four available lots; purchase individually or as an assemblage.
    • Excellent visibility and accessibility on Northern Avenue, near the new Hard Rock Casino.
    • Winnebago County, IL (Zip Code 61107); PIN 1224328004.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -88.950972
    Latitude
    42.2746236

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    FAQs

    What type of property is this?
    Land - Prime commercial land, high traffic, near Hard Rock Casino.
    Where is this land located?
    The property is located at Xxx Northern Ave Rockford, IL.
    What is the asking price?
    The asking price for this property is $846,504.
    What are key features of this property?
    This property features: 70,542 SF commercial land parcel in Rockford, IL.; $846,504 asking price ($12/SF).; High-traffic location (14,000+ VPD on nearby East State Street).
    (815) 315-1111
    Request Owner's contact information
    Xxx 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
    Xxx Northern Ave Rockford, IL 61107
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