6870 Old Town Sq Rockford, MI 49341
This exceptional 0.37-acre commercial lot in Rockford, MI, presents a unique opportunity for development. Located at 6870 Old Town Square NE, this fully improved site boasts existing utilities and ample parking infrastructure, eliminating significant upfront costs and delays. The property is situated within a vibrant, completely sold-out residential community of 166 homes, guaranteeing a substantial and readily available customer base. This built-in clientele is further enhanced by the presence of established and soon-to-be established anchor tenants, including an existing Ric's Food Center and a forthcoming Bigby Drive Thru (anticipated opening Spring 2025), along with medical offices. This combination of residential density and strong commercial anchors ensures high foot traffic and visibility, creating an ideal environment for a variety of businesses. The property is perfectly suited for retail establishments, restaurants, or professional service providers seeking a prime location in a high-demand market. The "shovel-ready" nature of the lot allows for immediate commencement of construction, minimizing time to market and maximizing return on investment. This is an unparalleled opportunity to establish a thriving business in a flourishing community. The asking price is $499,000.
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.