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    OFF-MARKET
    Retail properties & Spaces

    5811 Forest Hills Rd, Rockford, IL 61114

    16,990 SF 2.09 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail opportunity presents two available spaces within the established Forest Hills Plaza, a 16,990 square foot shopping center situated on highly visible Forest Hills Road in Rockford, Illinois. The property boasts a total of 82 parking spaces, ensuring ample convenience for customers. Currently, the center houses a diverse mix of tenants, including restaurants (Thai and Mexican cuisine), a tattoo parlor, a lounge, a nail salon, and a convenience store, creating a vibrant and well-established retail environment. Two spaces are immediately available, ranging in size from 950 to 2,500 square feet, offering flexibility for various retail concepts. The property sits on a 2.09-acre lot, providing ample space and visibility. The location benefits from its proximity to major retailers such as Walmart, Walgreens, Planet Fitness, McDonald's, CVS, and Family Dollar, ensuring high foot traffic and brand recognition. Rockford, the largest city in Illinois outside of the Chicago metropolitan area, is strategically located within the growing I-90 economic corridor, offering a strong and diverse economic base. This prime location, combined with the existing tenant mix and ample parking, makes this an ideal investment for businesses seeking high visibility and a thriving retail environment. A total of 2,500 square feet is currently vacant. This property offers a unique chance to establish a presence in a bustling Rockford retail center.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 16,990 SF
    Lot 2.09 ac (91,040 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Keebler Kitchen Restaurant
    • T'sassy nails llc Nail Salon
    • Rockford Gold Exchange (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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