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    OFF-MARKET
    Land

    0 Xx Northern Ave, Rockford, IL 61107

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    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
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    Permitted uses
    Allowed · conditional · prohibited
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