Property profile

3434 Colony Bay Dr Rockford, IL 61109

OFF-MARKET
Apartment buildings
Property ID
US28-2695976
50,000 SF 2.74 ac lot Built 2012
Individually Owned 6-yr Hold
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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

Current use

Occupant on record · Public records
  • Business Management Consultant

Location

3434 Colony Bay Dr Rockford, IL 61109
Rockford metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2020
1 recorded transaction
2020
Price N/A

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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