Property profile

3490 Colony Bay Dr Rockford, IL 61109

OFF-MARKET
Apartment buildings
Property ID
US28-2631678
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. 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.

Property profile

Verified
Property type Apartment buildings
Year built 2012
Total area 50,000 SF
Lot 2.74 ac (119,354 SF)
UPID US28-2631678

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
  • Construction Company General Contractor

Location

3490 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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