575 Perryville RdRockford, IL 61108

  • Other commercial real estate
  • 16,325 SF
For Lease

Property Details for 575 Perryville Rd

Year built
2013
Construction
STEEL FRAME
Lot size
1.61 AC
Property size (Sq ft)
16,325 SF
Zone code
C2
Property type
Other commercial real estate
APN
12-27-226-013
APU
1227226013

Description

This single-story, 15,932 square foot retail building, constructed in 2013, is situated on a 1.66-acre lot at 575 S Perryville Rd, Rockford, IL 61108. The property boasts 102 parking spaces and is part of Perryville Commons, a busy retail shopping center in a prime location near the intersection of Perryville Road and East State Street, Rockford's main retail corridor. Currently featuring multiple tenants including Jason's Deli, Eyewear Express, Sport Clips, and Lush Nail Bar, there is 2,000 square feet of vacant space available for lease. The building has six suites in total and is zoned C2. Its prominent location on Perryville Road, a major north-south artery, offers excellent visibility and accessibility, with pylon and building signage opportunities. The property benefits from its proximity to both Cherryvale Mall and the East State Street retail corridor, providing convenient access to a large customer base. This location offers ample parking and is in a high-traffic area within a thriving commercial district. The property's strategic location provides easy access to major transportation routes and serves a diverse market.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,373,951
    Hospitality
    $3,090,521
    Educational
    $2,571,278
    Medical
    $2,659,708
    Retail
    $3,999,765
575 Perryville Rd, Rockford, Illinois
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Location Insight

City
Rockford
County
Winnebago
State
Illinois
Latitude
42.2662
Longitude
-88.9809
CBSA code
40420
CBSA name
ROCKFORD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$46,850
$115,157
$336,039
$451,196
-
$345,471
$1,008,117
$1,353,588

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