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    OFF-MARKET
    Land

    0 Xxx Northern Ave, Rockford, IL 61107

    Property ID
    Property summary
    AI-generated overview

    This exceptional 70,542 square foot commercial land parcel is strategically located on Northern Avenue in Rockford, Illinois, offering unparalleled visibility and accessibility. Priced at $846,504, or $12 per square foot, this fee simple ownership opportunity presents a compelling investment. The property boasts a high-traffic location, benefiting from over 14,000 vehicles per day on nearby East State Street. This is one of four available lots, presenting the option to purchase individually or acquire the entire assemblage. Its proximity to the new Hard Rock Casino further enhances its desirability and potential for significant return. The property's location in Winnebago County, Illinois, zip code 61107, provides easy access to major transportation routes and a thriving local economy. The property's PIN is 1224328004. This is an ideal site for a variety of commercial ventures, capitalizing on the high visibility and strategic location. Serious inquiries are encouraged to explore this lucrative opportunity.

    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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