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8445 Chandan Dr Rockford, IL 61108

Commercial real estate Google Maps
49,200 SF 4.48 ac lot Built 2009
Entity Owned 10-yr Hold Free & Clear
Estimated value (blended)
$1.42M
Range $1.27M – $1.56M (±10%)
Property ID US28-1389674

Property summary

AI-generated overview

This exceptional 49,580 square foot retail storefront, built in 2009, offers 49,200 square feet of vacant space in a prime Rockford, Illinois location. Situated in Winnebago County at 8445 Chandan Drive, zip code 61108, this single-tenant property presents a remarkable opportunity for various commercial ventures. The building enjoys a highly desirable location adjacent to AMC Theatres and in close proximity to numerous hotels, a national restaurant chain, and the Coco Key Water Resort, ensuring high visibility and foot traffic. This mature trade area offers excellent potential for retail, medical, or entertainment businesses. The property's strategic positioning provides easy access to major transportation routes, being less than one mile from the full interchange at I-90/39 at State Street, enhancing its accessibility and appeal to both customers and employees. The property's size and location make it an ideal space for a large-scale retail operation or a multi-faceted commercial development. This is a rare opportunity to secure a significant retail presence in a thriving commercial area. The property is ready for immediate occupancy.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2009
Construction STEEL FRAME
Total area 49,200 SF
Lot 4.48 ac (195,149 SF)
Zoning code C2
APN 12-24-451-003
UPID US28-1389674

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$900k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$1.42M

Owner & transaction history

since 2015
2 recorded transactions
2015
$650,000
1969
Price N/A

Zoning & alternative use

C2 · Rockford, IL
Zoning description

21-001-C. C-2, LIMITED COMMERCIAL DISTRICT 1. The purpose of the C-2, Limited Commercial district is to provide a wide range of development options for the retail sale of goods and for professional and commercial service…

General category COMMERCIAL

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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More about this property
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