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2640 N. Main St. - Village Green 2640 N Main St 10,572 SF Retail Building Rockford, IL 61103 $300,000 ($28.38/SF)
INVESTMENT HIGHLIGHTS
- Prime retail property that was formerly a greenhouse, fine furniture store, and retail space.
- Located at a signaled intersection with traffic counts over 15,000 vehicles passing per day.
- Exceptional redevelopment opportunity.
- 2 acre site offers endless possibilities for innovative ventures.
EXECUTIVE SUMMARY
This prime property, formerly a greenhouse, fine furniture store, and retail space, presents an exceptional redevelopment opportunity. With multiple buildings, the new road now complete, and located at a signaled intersection with traffic counts over 15k VPD, the potential here is immense. Spanning 2 acres, this site offers endless possibilities for innovative ventures. The offering can include an additional parcel, making this an investment not to be missed.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$20,000
|
$1.89
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$20,000
|
$1.89
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Taxes | |
|---|---|
| Annual | $20,000 |
| Annual Per SF | $1.89 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $20,000 |
| Annual Per SF | $1.89 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
10,572 SF
Building Class
C
Year Built/Renovated
1900/1961
Price
$300,000
Price Per SF
$28.38
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.77 AC
Zoning
C3 - Commercial/Retail
Parking
32 Spaces (3.03 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-11-427-010 | Total Assessment | $213,361 (2024) |
| Land Assessment | $75,360 (2024) | Annual Taxes | $20,000 ($1.89/SF) |
| Improvements Assessment | $138,001 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
11-11-427-010
Land Assessment
$75,360 (2024)
Improvements Assessment
$138,001 (2024)
Total Assessment
$213,361 (2024)
Annual Taxes
$20,000 ($1.89/SF)
Tax Year
2023
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2640 N. Main St. - Village Green | 2640 N Main St
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