31st Alida St Rockford, IL 61101
21-001-B. C-1, LIMITED OFFICE DISTRICT 1. The C-1, Limited Office district is intended to accommodate low-intensity office development in close proximity to residential uses. 2. The C-1 district is intended to serve as a buffer between established commercial uses and residential neighborhoods. 3. The C-1 district is intended to allow the conversion of struct…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Rockford, IL21-001-B. C-1, LIMITED OFFICE DISTRICT 1. The C-1, Limited Office district is intended to accommodate low-intensity office development in close proximity to residential uses. 2. The C-1 district is intended to serve as a buffer between established commercial uses and residential neighborhoods. 3. The C-1 district is intended to allow the conversion of structures built for residential purposes to be converted to limited office use as a means to preserve these structures. 4. The C-1 district permits limited business service uses in addition to offices provided such services are low traffic generators. 5. The C-1 district does not permit outdoor storage, outdoor sales, or outdoor displays. 21-001-C. C-2, LIMITED COMMERCIAL DISTRICT 1. The purpose of the C-2, Limited Commercial district is to provide a wide range of development options for the retail sale of goods and for professional and commercial services 2. The C-2 district limits certain commercial uses that may cause undue traffic congestion or uses that may have detrimental impacts on neighboring properties. 3. The C-2 district does not permit outdoor storage, and outdoor sales and displays are limited to private sidewalks that abut the principal structure and areas adjacent to the main customer entrance. 21-001-D. C-3, GENERAL COMMERCIAL DISTRICT 1. The primary purpose of the C-3, General Commercial district is to accommodate a very broad range of business, service, and commercial uses. In terms of allowed uses, C-3 represents the highest intensity business or commercial zoning district. It allows nearly any type of business, service, or commercial use, including those involving outdoor operations and storage. Like the C-2 district, the C-3 district, development will generally be destination-oriented; a very large percentage of customers will arrive by automobile. 2. The C-3 district is distinguished from C-2 district by the range of use types allowed: C-3 permits more intensive, more auto-oriented commercial use types than does C- 2. PART 2 | BASE ZONING DISTRICTS
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.