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3204-3222 S Alpine Rd
Rockford, IL 61109
Alpine Plaza · Retail Property For Sale
Investment Highlights
- Value-Add Potential: Marketing notes frequently highlight the potential to increase Net Operating Income (NOI) by filling existing vacancies.
- value-add opportunity
- Zoning: I-1 (Light Industrial, though currently operating as General Retail)
Executive Summary
This is a multi-tenant retail strip center situated on a high-traffic corridor. It is generally positioned as a value-add opportunity due to its mix of established local tenants and available vacancy. Value-Add Potential: Marketing notes frequently highlight the potential to increase Net Operating Income (NOI) by filling existing vacancies. Asking Rents: Historically ranged from $12.00 – $20.00/SF (Modified Gross).
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
13,850 SF
Building Class
B
Year Built
1988
Percent Leased
17%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
2.10 AC
Zoning
I-1 Light Industrial
Parking
88 Spaces (6.35 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Signalized Intersection
Property Taxes
| Parcel Numbers | Improvements Assessment | $200,617 | |
| Land Assessment | $98,767 | Total Assessment | $299,384 |
Property Taxes
Parcel Numbers
Land Assessment
$98,767
Improvements Assessment
$200,617
Total Assessment
$299,384
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