Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2590 Mcfarland Rd Rockford, IL 61107

    Sponsored
    For Lease
    Contact for pricing

    2-Acre Tract, Winnebago County, Single Tenant

    Lot size:
    103,237 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This exceptional 2-acre commercial land parcel presents a unique opportunity for developers seeking a prime location in Winnebago County. Strategically situated just 3 miles from the intersection of East State Street and Interstate 90, this property offers unparalleled access to major transportation arteries, ensuring high visibility and convenient access for businesses and customers. The single-tenant designation provides flexibility for a variety of development projects, allowing for customized design and construction to meet specific needs. The expansive 2-acre lot provides ample space for a wide range of commercial ventures, from retail establishments and office buildings to light industrial facilities or warehousing. Its proximity to I-90 and East State Street guarantees significant traffic flow and exposure, making it an ideal location for businesses seeking to establish a strong presence in a thriving market. The land is currently vacant and ready for immediate development, eliminating delays associated with site preparation and allowing for a swift start to construction. This presents a rare opportunity to acquire a highly desirable commercial property in a strategic location with excellent accessibility and growth potential. Serious inquiries are encouraged to explore the possibilities this exceptional land parcel offers. The property is zoned for commercial use. Further details regarding zoning regulations and development guidelines are available upon request.

    Property Features for 2590 Mcfarland Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    103,237 SF

    Unit(s) available at that property

    Space
    Size
    103,237 SF

    HighLights

    • 2590 McFarland Rd. - 2‑acre commercial land parcel.
    • Single‑tenant land suitable for new development.
    • Located in Winnebago County.
    • Three miles from East State Street and I‑90.
    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
    -88.978606
    Latitude
    42.2980189

    Nearby Similar for Lease

    • $2,500 /Mo
      2,691 SF

      Rockford Freestanding Commercial Office Building

      Executive office building with high visibility and tranquil wooded setting.
      3400 N Rockton Ave, Rockford, IL 61103
      View Details
    • $7 SF/Yr
      5,800 SF

      Prime Industrial Building with Solar

      5,800 sq ft industrial building with upgraded offices and solar.
      4583 American Rd, Rockford, IL 61109
      View Details
    • $15 SF/Yr
      5,700 SF

      High-Traffic Retail Space in Rockford

      Prime retail location with high visibility and easy access.
      6905-6943 E State St, Rockford, IL 61108
      View Details
    • Contact for pricing
      100,000 SF

      Rockford Warehouse with Logistics Solutions

      100,000 SF warehouse with comprehensive logistics and storage solutions.
      1122 Milford Ave, Rockford, IL 61109
      View Details
    • $1,100,000
      4,547 SF

      Rockford Professional Office Complex

      Versatile office spaces in a prime Rockford location.
      7268 Argus Dr, Rockford, IL 61107
      View Details
    • Contact for pricing
      100,000 SF

      Rockford Warehouse with Exterior Storage

      100,000 SF warehouse with flexible lease arrangements available.
      4550 Kishwaukee St, Rockford, IL 61109
      View Details
    • Contact for pricing
      26,000 SF

      Rockford Multi-Story Office Building

      Flexible office suites with amenities in a well-connected location.
      4949 Harrison Ave, Rockford, IL 61108
      View Details
    • $10 SF/Yr
      2,667 SF

      Upscale Shopping Center Retail Space

      Retail space available in established Rockford shopping center.
      1605 N Alpine Rd, Rockford, IL 61107
      View Details
    • $9 SF/Yr
      3,050 SF

      Rockford Retail Space For Rent

      Versatile retail space in high-traffic location near downtown Rockford.
      310 7Th St, Rockford, IL 61104
      View Details
    • $19 SF/Yr
      5,551 SF

      Turnkey Bar & Grill Opportunity

      Fully equipped bar and grill available for lease assignment.
      5880 E State St, Rockford, IL 61108
      View Details
    • Contact for pricing
      210,980 SF

      Rockford Industrial Space with Cranes

      Industrial space with cranes and convenient access to major routes.
      650 Race St, Rockford, IL 61101
      View Details
    • Contact for pricing
      16,632 SF

      Class-A Office Space Available

      Professional office spaces available in high-traffic, central location.
      6000 State St E, Rockford, IL 61108
      View Details

    FAQs

    What type of property is this?
    Land - 2-Acre Tract, Winnebago County, Single Tenant
    Where is this land located?
    The property is located at 2590 Mcfarland Rd Rockford, IL.
    What are key features of this property?
    This property features: 2590 McFarland Rd. - 2-acre commercial land parcel.; Single-tenant land suitable for new development.; Located in Winnebago County.
    Request Owner's contact information
    2590 Mcfarland Rd Rockford, IL 61107
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2590 Mcfarland Rd
    Rockford, IL 61107
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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
    2590 Mcfarland Rd Rockford, IL 61107
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.