Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2101 Perryville Rd Rockford, IL 61107

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2101 Perryville Rd Rockford, IL 61107

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2101 Perryville Rd

    Property type
    Land

    Description

    This exceptional 8-acre commercial land parcel presents a prime development opportunity in Rockford, Illinois. Strategically located at 2101 N Perryville Rd, this single-tenant site offers unparalleled access to major transportation arteries. Its proximity to East State Street and Interstate 90 ensures high visibility and convenient access for businesses and employees. The property is situated in Winnebago County, within the 61107 zip code, providing a strong foundation for a variety of commercial ventures. The land is currently undeveloped, presenting a blank canvas for new construction tailored to specific business needs. This location offers significant potential for growth and return on investment, making it an attractive proposition for developers seeking a well-positioned site in a thriving area. The property's size and location make it suitable for a wide range of commercial uses, from retail and office spaces to light industrial facilities. Detailed site surveys and environmental reports are available upon request. This is a rare opportunity to acquire a substantial commercial land parcel in a highly desirable location with excellent connectivity to major roadways. Don't miss this chance to secure a prime piece of Rockford real estate. The property is zoned for commercial use (verification of zoning with local authorities is recommended).

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -88.98
    Latitude
    42.2941

    Comparable in this City

    • Value Estimation by Request
      1.22 Acres

      3XX Ware Ave

      Land • 1.22 Acres
      3XX Ware Ave, Rockford, IL 61107
      View Details
    • Value Estimation by Request

      Xxx Northern Ave

      Land
      0 Xxx Northern Ave, Rockford, IL 61107
      View Details
    • Value Estimation by Request

      Xx Northern Ave

      Land
      0 Xx Northern Ave, Rockford, IL 61107
      View Details
    • Value Estimation by Request

      Northern Ave

      Land
      0 Northern Ave, Rockford, IL 61107
      View Details
    • Value Estimation by Request
      10.84 Acres

      Xxxx Royal Oaks Rd

      Land • 10.84 Acres
      0 Xxxx Royal Oaks Rd, Rockford, IL 61107
      View Details
    • Value Estimation by Request

      Xxxx Northern Ave

      Land
      0 Xxxx Northern Ave, Rockford, IL 61107
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7 SF

      Rockford Land Parcel For Sale

      7-acre land parcel available in Rockford, Illinois.
      69XX Garrett Ln, Rockford, IL 61107
      View Details
    • Contact for pricing
      11 SF

      Rockford Land Parcel For Sale

      11 acres of land available in Rockford, Illinois.
      67XX Garrett Ln, Rockford, IL 61107
      View Details
    • $79,000
      0.30 Acres

      Residential Land in Bella Reserve

      Land available in desirable Rockford neighborhood to build your dream home.
      737 Tivoli Ct, Rockford, IL 61107
      View Details
    • $79,000
      0.29 Acres

      Residential Land in Rockford

      Residential land available for building a dream home.
      741 Tivoli Ct, Rockford, IL 61107
      View Details
    • Contact for pricing
      52,717 SF

      Rockford Land Parcel For Sale

      Commercial land parcel available in Rockford, Illinois.
      3XX Ware Ave, Rockford, IL 61107
      View Details
    • New
      $69,900
      0.33 Acres

      Residential Land in Bello Reserve

      0.33-acre lot in desirable Rockford subdivision with utilities.
      905 Tivoli Ct, Rockford, IL 61107
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available For Rent

      Single tenant land for rent, approximately 1 acre.
      1972 Mcfarland Rd, Rockford, IL 61107
      View Details
    • Contact for pricing

      Land Ready for Development

      Land available for rent, ideal for new development.
      2590 Mcfarland Rd, Rockford, IL 61107
      View Details
    • Contact for pricing

      11.82 Acres Commercial Land Available

      11.82 acres of commercial land approved for apartment development.
      6700 Garrett Ln, Rockford, IL 61107
      View Details
    • Contact for pricing

      Prime Retail Development Land

      Retail development opportunity in Rockford's active commercial corridor.
      2101 N Perryville Rd, Rockford, IL 61107
      View Details
    • Contact for pricing

      Retail Space Near Major Intersection

      Retail space in high-traffic Rockford business and shopping corridor.
      175 Executive Pkwy, Rockford, IL 61107
      View Details
    • Contact for pricing

      Rockford Professional Office Complex

      Versatile office spaces in a prime Rockford location.
      7268 Argus Dr, Rockford, IL 61107
      View Details
    Request Owner's contact information
    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.
    2101 Perryville 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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    2101 Perryville Rd, Rockford, IL, 61107

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!