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Whitehouse Plaza 300-320 N Alpine Rd 56,000 SF 60% Leased Retail Building Rockford, IL 61107 $2,325,000 ($41.52/SF)
Investment Highlights
- Value-Add Opportunity: Offering significant upside through lease-up and repositioning of remaining vacancies
- Prime Visibility & Access: Situated along N. Alpine Road, one of Rockford’s busiest commercial corridors, at a signalized intersection
- Diverse Tenant Demand: Flexible zoning and suite sizes accommodate retailers, service providers, and professional offices seeking affordable space
- Established Neighborhood Center: 26-unit multi-tenant property catering to a mix of retail/office users, serving the surrounding residential community
- Strong Fundamentals: Ample surface parking, excellent signage opportunities, and adaptable suite layouts
- Regional Growth Market: Rockford’s stable economy, anchored by healthcare, logistics, and manufacturing, supports consistent tenant demand
Executive Summary
SVN Chicago Commercial presents Whitehouse Plaza, a well-established, 26-unit neighborhood center located at the high-traffic intersection of N. Alpine Road and Highcrest Road in Rockford, Illinois. The property offers a compelling value-add opportunity, currently 60% occupied with strong leasing potential for both retail and office users. Featuring excellent visibility, multiple access points, abundant parking, and prominent signage, Whitehouse Plaza provides an investor or owner-user the chance to enhance income and long-term stability in the Rockford MSA.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
56,000 SF
Building Class
C
Year Built
1980
Price
$2,325,000
Price Per SF
$41.52
Percent Leased
60%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.56
Lot Size
2.29 AC
Zoning
C2 - Commercial C-2 Zoning
Parking
100 Spaces (1.79 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Flipside DJ Entertainment
- Arts, Entertainment, and Recreation
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Interserve Computer Group
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Tower Loan
- Finance and Insurance
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Flipside DJ Entertainment | Arts, Entertainment, and Recreation | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Interserve Computer Group | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Tower Loan | Finance and Insurance | - | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $677,776 | |
| Land Assessment | $139,772 | Total Assessment | $817,548 |
Property Taxes
Parcel Numbers
Land Assessment
$139,772
Improvements Assessment
$677,776
Total Assessment
$817,548
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Whitehouse Plaza | 300-320 N Alpine Rd
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