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Property profile

0 Alpine Rd Rockford, IL 61109

OFF-MARKET
Retail properties & Spaces
5,400 SF Built 1968
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 5,400 square foot, multi-tenant restaurant property located in Rockford, Illinois, on Alpine Rd, zip code 61109. The property, built in 1968, sits on a 16,117 square foot lot and is classified as a Class C retail building with a C3 zoning permit. The single-story structure boasts 100% occupancy with two tenants currently operating within its space. The asking price for this leased fee ownership is $540,000. Real estate taxes for 2023 were $11,670. The property's APN is 1229385007. This turnkey operation offers immediate income potential and a strong foundation for future growth within a thriving community. The property's size and multi-tenant structure provide diversification and resilience, making it an attractive investment for both seasoned and emerging investors. This is a rare opportunity to acquire a well-established, fully occupied commercial property in a desirable location. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1968
Total area 5,400 SF

Cap rate & NOI

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

Location

Alpine Rd Rockford, IL 61109
Rockford metro
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Value estimations

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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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