Property profile

0 Charles St Rockford, IL 61108

OFF-MARKET
Retail properties & Spaces
5.81 ac lot
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Property summary

AI-generated overview

This exceptional 5.81-acre property, located on Charles Street in Rockford, Illinois (zip code 61108), presents a unique investment opportunity. Situated in a prime location next to Menards on Perryville Road, this parcel boasts high visibility and accessibility, making it ideal for a variety of commercial uses. The property is zoned CG and offers significant development potential for retail or restaurant establishments. With a total land area of 253,084 square feet and a lot depth of 494 feet, this expansive site provides ample space for construction or expansion. The asking price is $595,000, translating to approximately $102,410 per acre. The property's single tenancy status offers flexibility for future development plans. Its strategic location within Winnebago County, Illinois, ensures convenient access to major transportation routes and a robust consumer base. The property's listing price per square foot is $2.35. This is a rare opportunity to acquire a substantial parcel of land in a thriving commercial area with significant upside potential. The APN is 12-34-426-010. Don't miss this chance to secure a prime location for your next venture.

Property profile

Verified
Property type Retail properties & Spaces
Lot 5.81 ac (253,084 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Charles St Rockford, IL 61108
Rockford metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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