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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

6870 Old Town Sq Rockford, MI 49341

0.37 ac lot Built 2014
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2014
Lot 0.37 ac (16,117 SF)
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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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