0 X Northern Ave, Rockford, IL 61107
This fee-simple commercial land parcel, located at 84XX Northern Ave, Rockford, IL 61107 (Pin# 1224328003), offers exceptional visibility and high traffic counts. Situated off East State Street, the property boasts over 14,000 vehicles per day passing by, providing significant exposure for any commercial development. The lot size is 51,810 square feet, with a land value of $12 per square foot, resulting in an asking price of $621,720. This is one of four available lots; the possibility exists to purchase all four as a single entity. The property's prime location is further enhanced by its proximity to the new Hard Rock Casino, less than half a mile away, offering significant potential for increased foot traffic and business opportunities. This presents a unique investment opportunity in a rapidly developing area of Rockford, within Winnebago County. The property is offered as a fee simple ownership. 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.