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Property profile & analytics
OFF-MARKET Estimated value $575,000
Commercial land

5915 Columbia Pkwy Rockford, IL 61108-5021

1.64 ac lot
Entity Owned ~ Est. High Equity
Property ID
US28-1068959
Property summary
AI-generated overview

This exceptional 1.64-acre commercial land parcel presents a unique investment opportunity in Rockford, Illinois. Strategically located on Columbia Parkway in Winnebago County, this highly visible site enjoys a prime position near the intersection of Harrison Avenue and Mulford Road, ensuring significant traffic exposure. The property is zoned C3, making it ideally suited for the development of a car wash, as evidenced by the included city-approved plans, documents, and surveys for precisely such a project. The asking price of $1,099,000 encompasses the land itself and all necessary documentation to expedite the construction process. This turnkey offering eliminates the time and expense typically associated with obtaining permits and approvals, allowing for a seamless transition into the development phase. The 61108 zip code ensures easy access to major transportation routes and a robust local market. This is a rare chance to acquire a fully prepared site ready for immediate development, minimizing risk and maximizing return on investment. Don't miss this opportunity to capitalize on this exceptional location and pre-approved car wash development plan.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.64 ac (71,438 SF)
Zoning code C3
APN 12-33-477-002
UPID US28-1068959
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$575k
Owner & transaction history
5915 Columbia Parkway LLC
5915 Columbia Parkway LLC
since 2025
Last sale
$740,000
4 recorded transactions
2025
$740,000
2022
$530,000
2019
Price N/A
1969
Price N/A
Zoning & alternative use
C3 · Rockford, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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