3490 Colony Bay Dr, Rockford, IL 61109
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. Its prime location offers easy access to US Highway 20, just two blocks from the interchange, ensuring high visibility and convenient commuting for employees and clients. The energy-efficient building boasts modern amenities. This particular unit, the largest of three currently available for immediate occupancy, presents a significant opportunity. It features a substantial 1,512 square foot basement, adding considerable flexibility for storage or additional workspace. The unit's dual entrances, one facing east onto Alpine and the other south, provide optimal access and visibility. Seller financing is available with a 20% down payment, making this an attractive option for businesses seeking ownership. Alternatively, monthly rental is available at $1512, inclusive of taxes and condominium association fees. Four additional units at the east end of the building are available for build-to-suit options, presenting further expansion possibilities. The property is currently vacant and readily accessible via lockbox. This is a rare opportunity to acquire a substantial, well-located office condominium in a thriving area. The 2.74-acre lot provides ample space and parking.
-
Tradesmen International Construction Company General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.