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    OFF-MARKET
    Land

    0 X Northern Ave, Rockford, IL 61107

    Property ID
    Property summary
    AI-generated overview

    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.

    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
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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