Property profile

5811 Forest Hills Rd Rockford, IL 61114

OFF-MARKET
Retail properties & Spaces
16,990 SF 2.09 ac lot
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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

Current use

Occupant on record · Public records
  • Restaurant
  • Nail Salon
  • (Bike/Boat/Book/etc) Store

Location

5811 Forest Hills Rd Rockford, IL 61114
Rockford metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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