3001 Perryville Rd Rockford, IL 61114
- Commercial real estate
- 41,550 SF
- 3.32 lot acres
Current Use by Public Records
- Starbucks / Espresso Bar / Internet Cafe
Property Details for 3001 Perryville Rd
- Year built
- 2004
- Construction
- STEEL FRAME
- Lot size
- 3.32 lot acres
- Property size
- 41,550 SF
- Zone code
- C2
- Property type
- Commercial real estate
- APN
- 12-11-151-015
- APU
- 1211151015
Description
This Rockford, IL retail property, located at 3001 N Perryville Rd, offers multiple storefront spaces within a 20,000 sq ft building on 3 acres of land. Built in 2005, the single-story building features 20 suites, with 4,337 sq ft currently vacant, divisible to a minimum of 1,008 sq ft and ranging up to 1,745 sq ft. The property boasts 226 parking spaces and excellent visibility from Perryville Road and Spring Creek Road, benefiting from high daily traffic counts of 43,000 vehicles. This prime location is situated at a major intersection, serving as a key artery connecting Rockford, Loves Park, and Machesney Park, and acting as a gateway between Winnebago and Boone Counties. The center is anchored by Woodman's Grocery Store and includes notable tenants such as Starbucks, Jimmy John's, Porch, Panchero's, and Nails USA. The property is zoned commercial and offers significant advantages due to its location in Rockford, IL, a city described as possessing "the best of both worlds – big city atmosphere and small town charm," with easy access to major metropolitan areas and a strong local economy supported by diverse businesses and cultural attractions. This presents a unique opportunity for businesses seeking high visibility and access within a thriving community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $760,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $995,000
- 6.5%
- $1,020,000
- 7%
- $900,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $900,000
- Geo Method
- $820,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,025,000
- Retail
- $1,015,000
- Mixed-Use
- $1,070,000
- Hospitality
- $945,000
- Educational
- $1,030,000
- Residential Income
- $940,000
- Energy
- $970,000
- Income-Based Land
- $935,000
- Food Service
- $820,000
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -88.9779
- Latitude
- 42.3048
- CBSA code
- 40420
- CBSA name
- ROCKFORD, IL METROPOLITAN STATISTICAL AREA
