2477 Eastrock DrRockford, IL 61108

Property Details for 2477 Eastrock Dr

Year built

1996

Construction

WOOD

Lot size

0.76 AC

Property size (Sq ft)

3,014 SF

Zone code

C1

Property type

Office properties

APN

12-33-379-003

APU

1233379003

Description

This exceptional investment opportunity presents a two-suite, 3,014 square foot office building situated on a prominent southeast Rockford corridor. Boasting excellent visibility and accessibility via a signalized intersection, this Class C property benefits from high traffic volume (ADT 20,000 VPD) and prominent pylon signage. The building, constructed in 1996, is situated on a 0.76-acre lot and is zoned C1, offering flexibility for various uses. Currently, 1,800 square feet of space is available for lease or sale, making it ideal for expansion or a new business venture. The property's location offers convenient access to both residential and commercial areas, enhancing its appeal and potential for strong returns. The building features a total of two suites, providing options for multiple tenants or a single occupant. This well-positioned property in Winnebago County, Illinois, presents a compelling opportunity for investors and businesses seeking a strategic location in a thriving market. The address is 2477 Eastrock Dr, Rockford, IL 61108.

• CAP approach

  CAP return

  Valuation

  6%

  $544,214

  6.5%

  $502,351

  7%

  $466,469

• Comparable approach

  Method

  Valuation

  Relative Method

  $305,991

  Geo Method

  $392,574

• Alternative Use

  Use

  Valuation

  Residential

  $622,915

  Hospitality

  $570,587

  Educational

  $474,722

  Medical

  $491,048

  Retail

  $738,456

Location Insight

City

Rockford

County

Winnebago

State

Illinois

Latitude

42.2388

Longitude

-89.0131

CBSA code

40420

CBSA name

ROCKFORD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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