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5811 Forest Hills Rd
Rockford, IL 61114
Retail Property For Sale
Investment Highlights
- Cap Rate: At the time of the recent sale, it was reported at an 11.5% in-place cap rate.
- Occupancy: Approximately 85% at the time of the 2024 transaction
- Last Sale Price: $3,478,000 (Closed on March 4, 2024).
Executive Summary
Prime investment opportunity to purchase 5811 Forest Hills Rd, Rockford, IL 61114 is a commercial retail center known as Forest Hills Plaza Last Sale Price: $3,478,000 (Closed on March 4, 2024 Tenant Mix: Includes a mix of service and dining, such as Thai and Mexican restaurants, a nail salon, a tattoo parlor, a lounge, and a convenience store.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
16,990 SF
Building Class
C
Year Built
1982
Price
$1,800,000
Price Per SF
$105.94
Percent Leased
39%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
2.09 AC
Zoning
C-2
Parking
82 Spaces (4.83 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 12-07-226-016 | Improvements Assessment | $364,369 |
| Land Assessment | $68,528 | Total Assessment | $432,897 |
Property Taxes
Parcel Number
12-07-226-016
Land Assessment
$68,528
Improvements Assessment
$364,369
Total Assessment
$432,897
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