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123 N Alpine Rd 5,740 SF 100% Leased Retail Building Rockford, IL 61107 $249,900 ($43.54/SF)
Investment Highlights
- Prime location along North Alpine Road in Rockford’s commercial corridor
- Excellent visibility and accessibility in a high-traffic area
- Strong potential for redevelopment or repositioning
- Mixed-use zoning suitable for retail or service businesses
- Surrounded by residential neighborhoods and local amenities
Executive Summary
This mixed-use property at 123 N Alpine Road in Rockford, Illinois, presents a strong opportunity for investors or owner-users seeking a well-located asset in a high-traffic corridor. The site offers excellent visibility along North Alpine Road, a major thoroughfare in Rockford, and is surrounded by established residential neighborhoods and commercial activity.
Currently listed for sale, the property is zoned for commercial use and is suitable for a variety of retail or service-oriented businesses. Its location provides convenient access to local amenities and strong connectivity to the broader Rockford market. With redevelopment potential and proximity to dense residential areas, this property offers long-term upside for buyers looking to capitalize on a growing regional market.
Currently listed for sale, the property is zoned for commercial use and is suitable for a variety of retail or service-oriented businesses. Its location provides convenient access to local amenities and strong connectivity to the broader Rockford market. With redevelopment potential and proximity to dense residential areas, this property offers long-term upside for buyers looking to capitalize on a growing regional market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,740 SF
Building Class
B
Year Built
1980
Price
$249,900
Price Per SF
$43.54
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.35
Lot Size
0.38 AC
Zoning
C-3
Parking
18 Spaces (3.53 Spaces per 1,000 SF Leased)
Frontage
92’ on N Alpine St
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-29-128-018 | Improvements Assessment | $60,430 |
| Land Assessment | $76,841 | Total Assessment | $137,271 |
Property Taxes
Parcel Number
12-29-128-018
Land Assessment
$76,841
Improvements Assessment
$60,430
Total Assessment
$137,271
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123 N Alpine Rd