0 Charles St, Rockford, IL 61108
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.