Property profile

1908 Riverside Blvd Loves Park, IL 61111

OFF-MARKET
Other commercial real estate
Property ID
US28-5883099
2,470 SF 0.26 ac lot Built 1946
Entity Owned 20-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a site on Riverside with 75 feet of frontage and a depth of 180 feet. It includes a 1½-story building with an attached oversized 3+ car garage, and parking is provided in the front of the building. Vacant parcels located on both sides of the site are associated with the property and may be sold separately, and the site allows for contractual arrangements.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1946
Construction WOOD
Total area 2,470 SF
Lot 0.26 ac (11,326 SF)
Zoning code CR
APN 12-05-254-021
UPID US28-5883099

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1908 Riverside Blvd Loves Park, IL 61111-4854
Loves Park metro Census 3809 ROCKFORD, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2005
5 recorded transactions
2005
$135,000
2005
Price N/A
2002
$98,000
2002
Price N/A
2001
Price N/A

Zoning & alternative use

CR · Loves Park, IL
Zoning description

(Multiply lineal feet x 3 to get primary square feet for signage) CR, CG, IL, & IG only Page 4 Property Address: ____________________________________________ Zoning District: ____________________ Plat of Subdivision: ___…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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