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    29XX Main St Rockford, IL 61102

    Sponsored
    For Sale
    $754,460

    Prime Industrial Land near RFD Airport

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 4.33-acre commercial and industrial land parcel presents a compelling investment opportunity in Rockford, Illinois. Located at 29XX S Main St, 61102, this property boasts an I1 zoning designation, offering significant development potential. Its strategic location provides unparalleled access to major transportation arteries, including proximity to Highway 20, I-39 (just one mile away), and I-90 (nine miles distant). The site's advantageous position is further enhanced by its close proximity – three miles – to the Chicago Rockford International Airport, facilitating seamless logistics and distribution. The high concentration of businesses in the area is underscored by the presence of over 1,713 businesses within a three-mile radius. This property benefits from its location within the Rockford Enterprise Zone, potentially unlocking additional economic incentives. The parcel's APN is 11-34-376-013. The asking price for this significant land holding is $754,460. There is also the potential for a bulk sale with adjacent commercial lots, presenting an opportunity to acquire a larger contiguous land area. This property offers a unique blend of accessibility, infrastructure, and economic advantages, making it an ideal location for a variety of industrial and commercial ventures.

    Property Features for 29XX Main St

    General Information

    Property type
    Land
    Lot Size
    188,615 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.109174314144
    Latitude
    42.238205598815

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    FAQs

    What type of property is this?
    Land - Prime Industrial Land near RFD Airport
    Where is this land located?
    The property is located at 29XX Main St Rockford, IL.
    What is the asking price?
    The asking price for this property is $754,460.
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    29XX Main St Rockford, IL 61102
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    Rockford, IL 61102
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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
    29XX Main St Rockford, IL 61102
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