318 College Ave Rockford, IL 61104
- Lifestyle centers
- 23,462 SF
- 18.27 lot acres
Current Use by Public Records
- Wei Gao / Dentist
Property Details for 318 College Ave
- Lot size
- 18.27 lot acres
- Property size
- 23,462 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a 23,462 square foot shopping center ideally situated at 318 College Ave in Rockford, Illinois, within Winnebago County (APN: 11-26-157-006). The property boasts a generous 18.27-acre lot, offering ample space and potential for future expansion or development. Currently operating as a multi-tenant retail center, the property features several long-term tenants, ensuring a stable income stream. The asking price is $699,000, translating to an attractive price per square foot of $29.79. This represents a compelling value proposition for investors seeking a well-established retail property in a desirable location. The property's strong tenancy and affordable units contribute to its high potential for return on investment. The address is conveniently located in Rockford, IL, zip code 61104, with coordinates 42.2619033 latitude and -89.0923622 longitude. This established shopping center presents a rare opportunity to acquire a profitable and stable retail investment in a thriving market. The substantial lot size provides significant upside potential for future growth and development. Serious inquiries are encouraged to explore this promising investment opportunity further.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -89.0924
- Latitude
- 42.2619
