Absolute $1 Auction, Rockford, IL

Land Description

Absolute $1 Auction - 1.47 AC Parcel

Investment Highlights

Combined ±33,095 vehicles per day at the intersection of Alpine Road and Charles Street

Zoned C-2 - allows for flexible commercial uses including retail and professional office

National retailers nearby include Firestone, O'Reilly Auto Parts, Dunkin Donuts, Baskin Robins and more

Excellent demographics with 2020 population of ±154,791 individuals with an average HH income of ±$66,240 within 5-mile radius

Absolute $1 Auction - NO Reserve.

Offering Details

CBRE and RealINSIGHT Marketplace are pleased to present a ±1.47 AC land parcel (the “Property”) in Rockford, Illinois. This Property offers an exceptional investment opportunity via development and first bid meets reserve.

The Property is well located approximately five miles from both I-90 and I-39 in the bedroom community of Rockford, Illinois. The region's transportation network, demographics, access to a reliable workforce, and high quality of life make this an ideal location for development. Within five miles of the property are numerous traffic drivers including Cherry Vale Mall, Six Flags Hurricane Harbor Rockford, Rockford University, and the Swedish American Hospital. The site is zoned C-2, Limited Commercial District, with a wide range of development options for the retail sale of goods and for professional and commercial services. The Property benefits from a combined ±33,095 vehicle traffic count at the intersection of Alpine Road and Charles Street.

Rockford is approximately 27 miles south of the Illinois-Wisconsin border, 60 miles south of Madison, 80 miles southwest of Milwaukee, 60 miles northwest of Chicago O'Hare Airport, and 90 miles east of the Mississippi River. Rockford benefits from highway linkages including Interstate 90 (Northwest Tollway), U.S. Highway 20, and Interstate 39. As of 2020, there were ±154,791 residents with an average household income of $66,240 within a 5-mile radius.