0 Xx Northern Ave, Rockford, IL 61107
This exceptional commercial land parcel, located at 84XX Northern Ave, Rockford, IL 61107, presents a unique investment opportunity. Priced at $820,596, this fee simple property offers significant potential due to its prime location and high visibility. The lot boasts a land value of $12 per square foot. Situated off East State Street, it benefits from over 14,000 vehicles passing daily (VPD), ensuring substantial exposure for any development. This is one of four available lots, presenting the option to purchase individually or acquire all four for a larger-scale project. The property's proximity to the new Hard Rock Casino further enhances its desirability and potential for strong returns. The property's PIN is 1224328005. This is a rare opportunity to secure a well-positioned commercial land parcel in a rapidly developing area of Rockford, Winnebago County, Illinois. Serious inquiries are encouraged.
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
Similar Nearby for Lease
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.