0 Alpine Rd Rockford, IL 61109
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.
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.