1706 Rural St Rockford, IL 61107-3139
- Commercial real estate
- 1,662 SF
- 0.16 lot acres
Current Use by Public Records
- Rockford Porta Potties for Rent / Portable Toilet Supplier
Property Details for 1706 Rural St
- Year built
- 1950
- Construction
- WOOD
- Lot size
- 0.16 lot acres
- Property size
- 1,662 SF
- Zone code
- C2
- Property type
- Commercial real estate
- APN
- 11-24-182-001
- APU
- 1124182001
Description
This exceptional 3,973 square foot commercial building, located at 1706 Rural Street in Rockford, Illinois, presents a unique investment opportunity. Situated on a six-corner intersection, this property boasts high visibility and significant foot traffic, making it ideal for a variety of businesses. Previously utilized as both a grocery store and a small bank with a drive-through, the building offers a versatile layout ready for customization. The full-sized basement provides ample storage space or potential for expansion, while the second floor, currently used for storage, offers additional square footage for development into functional office or retail space. A large back area, complete with a garage door, is perfect for deliveries or additional storage needs. The property is sold "as-is," allowing for complete renovation and customization to meet the specific requirements of the new owner. This prime location in a bustling area offers excellent potential for growth and development, making it an attractive investment for discerning buyers seeking a versatile commercial property with high visibility and convenient access. The building's adaptable design and strategic location make it a compelling opportunity for entrepreneurs and investors alike. Don't miss this chance to acquire a well-positioned commercial property in a thriving Rockford neighborhood.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $115,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $75,000
- 6.5%
- $80,000
- 7%
- $70,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $75,000
- Geo Method
- $75,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $75,000
- Retail
- $70,000
- Mixed-Use
- $90,000
- Hospitality
- $80,000
- Educational
- $75,000
- Residential Income
- $90,000
- Energy
- $80,000
- Income-Based Land
- $65,000
- Food Service
- $90,000
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -89.0675
- Latitude
- 42.2744
- CBSA code
- 40420
- CBSA name
- ROCKFORD, IL METROPOLITAN STATISTICAL AREA
