3490 Colony Bay Dr Rockford, IL 61109

Property Details for 3490 Colony Bay Dr

Year built

2012

Lot size

2.74 lot acres

Property size

50,000 SF

Property type

Apartment buildings

Description

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.