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    OFF-MARKET
    Apartment buildings

    3434 Colony Bay Dr, Rockford, IL 61109

    50,000 SF 2.74 ac lot Built 2012
    Individually Owned 6-yr Hold
    Property ID
    US28-2695976
    Property summary
    AI-generated overview

    This exceptional 50,000 square foot office condominium is situated in the Sandy Hollow Commons complex at a highly visible, signalized intersection in Rockford, Illinois. The property boasts a prime location, just two blocks from the US Highway 20 interchange, ensuring excellent accessibility and high traffic exposure. This particular unit is currently vacant and readily available for immediate occupancy, with a lockbox for convenient showings. The building itself is a modern, energy-efficient structure. The asking price is $85,320, and attractive seller financing is available with a 20% down payment. Alternatively, the property can be leased for a monthly rent of $820, inclusive of taxes and common area maintenance (CAM) charges. There are a total of three units available for immediate occupancy. Furthermore, four additional units located at the east end of the building offer build-to-suit opportunities, providing flexibility for tenants with specific space requirements. The property sits on a 2.74-acre lot, offering ample space and potential for future expansion or development. This presents a unique opportunity for businesses seeking a well-located, modern, and efficient office space in a thriving area. Don't miss this chance to secure a highly desirable commercial property in Rockford.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 2012
    Total area 50,000 SF
    Lot 2.74 ac (119,354 SF)
    UPID US28-2695976
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Automotive Finance Corporation Business Management Consultant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Jack Pease · 6 yrs held
    Jack Pease
    since 2020
    1 recorded transaction
    2020
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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