7310 Riverside BlvdLoves Park, IL 61111

  • Land
  • 2.98 AC
For Sale

Property Details for 7310 Riverside Blvd

Lot size
2.98 AC
Zone code
IL_CR
Property type
Land
Property subtype
Commercial land
APN
12-02-177-003
APU
1202177003

Description

This exceptional commercial real estate opportunity presents multiple retail outlots for sale in Loves Park, Illinois, ranging from 0.71 to 3.05 acres. Located at 7310 E Riverside Blvd, these properties boast a strategic position just west of the I-90/E. Riverside Blvd interchange, providing unparalleled access to the greater Rockford market. The lots are zoned CR (Retail Commercial District), offering flexibility for a variety of retail uses. Building sizes range from 31,065 to 132,768 square feet, catering to diverse development needs. This thriving retail corridor benefits from proximity to a new $400 million hospital, additional regional medical development, and a new Costco, ensuring high visibility and strong potential for growth. Lots 1-4 are directly adjacent to the west side of Blain's Farm & Fleet, benefiting from established retail synergy. Easy access to E. Riverside Blvd via Kings Acres Dr. further enhances convenience. The surrounding area features a mix of retail, office, light industrial, and storage facilities, creating a dynamic and diverse commercial landscape. This is an ideal investment opportunity for developers seeking high-traffic locations with significant growth potential in a rapidly expanding area. The property's prime location and zoning make it an attractive proposition for businesses seeking to establish a strong presence in the Loves Park market. The flexible lot sizes and building potential allow for a wide range of development possibilities, making this an exceptional opportunity for investors and developers alike.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $26,828,132
    Hospitality
    $24,574,424
    Educational
    $20,445,632
    Medical
    $21,148,790
    Retail
    $31,804,318
7310 Riverside Blvd, Loves Park, Illinois
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Location Insight

City
Loves Park
County
Winnebago
State
Illinois
Latitude
42.3195
Longitude
-88.9741
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
$16,949
$209,367
-
$209,367
-
$628,101
-
$628,101

FAQs

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