Property profile

980 Highgrove Pl Rockford, IL 61108

OFF-MARKET
Land
4.23 ac lot
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Property summary

AI-generated overview

This exceptional 4.23-acre lot presents a remarkable opportunity for commercial development in Rockford, Illinois. Located at 980 Highgrove Pl, 61108, this property boasts a highly desirable location within a dense residential area, offering excellent visibility and accessibility. Zoned for commercial use, the land is ideally suited for a variety of projects, including retail, office, light industrial, medical office buildings, or high-density residential developments. The asking price is $552,776, translating to $3 per square foot. Its strategic position just west of Perryville Road, a major north-south artery with over 20,000 vehicles daily, ensures high traffic exposure. Furthermore, its proximity to I-90, I-39, and US Bypass 20 provides easy access to major transportation routes. The location near Chicago Rockford International Airport, a rapidly expanding cargo airport, adds another layer of appeal. This property offers significant potential for investors seeking a high-traffic, well-connected location within a thriving community. Additional lots are available nearby, presenting opportunities for larger-scale projects. The high traffic counts on Perryville Road and its strategic location near major interstates make this a truly exceptional investment opportunity. Don't miss this chance to acquire a prime piece of commercial real estate in a rapidly growing area.

Property profile

Verified
Property type Land
Lot 4.23 ac (184,259 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

980 Highgrove Pl Rockford, IL 61108
Rockford metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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