2701 Alpine Rd Rockford, IL 61109-1673
- Commercial real estate
- 3,098 SF
- 0.63 lot acres
Jan 25, 2023
Current Use by Public Records
- Arby's / Deli / Takeout Restaurant
Property Details for 2701 Alpine Rd
- Year built
- 1986
- Construction
- FRAME
- Lot size
- 0.63 lot acres
- Property size
- 3,098 SF
- Zone code
- C3
- Property type
- Commercial real estate
- APN
- 16-05-131-009
- APU
- 1605131009
Description
This exceptional 3,345 square foot fast-food restaurant presents a turnkey opportunity in Rockford, Illinois. Located at 2701 S Alpine Rd, this single-tenant property boasts prime visibility and high traffic counts, exceeding 28,000 vehicles per day. Built in 1990, the one-story building sits on a 0.63-acre lot and includes 35 parking spaces, ensuring ample customer convenience. The property's C3 zoning allows for a variety of uses, making it a versatile investment. Its strategic location offers easy access to major transportation arteries, including Interstate 39 and Route 20, both within one mile. The property features a drive-thru for added convenience and efficiency. Excellent signage opportunities are available, including building signage and pylon signage on S Alpine Rd, maximizing brand visibility. The entire 3,345 square feet is currently vacant, providing a blank canvas for a new tenant or a complete renovation. This property is situated in Winnebago County, Illinois, with a zip code of 61109. This is a rare opportunity to acquire a well-positioned restaurant property in a high-demand location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $645,000
- ML approach
- $635,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $640,000
- 6.5%
- $590,000
- 7%
- $550,000
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Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -89.0296
- Latitude
- 42.2366
- CBSA code
- 40420
- CBSA name
- ROCKFORD, IL METROPOLITAN STATISTICAL AREA
