318 College AveRockford, IL 61104

For Sale
$699,000

Multi-Tenant Retail Center, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 23,462 square foot shopping center ideally situated at 318 College Ave in Rockford, Illinois, within Winnebago County (APN: 11-26-157-006). The property boasts a generous 18.27-acre lot, offering ample space and potential for future expansion or development. Currently operating as a multi-tenant retail center, the property features several long-term tenants, ensuring a stable income stream. The asking price is $699,000, translating to an attractive price per square foot of $29.79. This represents a compelling value proposition for investors seeking a well-established retail property in a desirable location. The property's strong tenancy and affordable units contribute to its high potential for return on investment. The address is conveniently located in Rockford, IL, zip code 61104, with coordinates 42.2619033 latitude and -89.0923622 longitude. This established shopping center presents a rare opportunity to acquire a profitable and stable retail investment in a thriving market. The substantial lot size provides significant upside potential for future growth and development. Serious inquiries are encouraged to explore this promising investment opportunity further.

Highlights

  • $699,000 asking price for this Rockford, IL shopping center.
  • 23,462 square feet of retail space.
  • Multi-tenant property with several long-term tenants and affordable units.
  • $29.79 price per square foot.
  • Situated on an 18.27-acre lot.
  • Property located at 318 College Ave, Rockford, IL 61104 (APN: 11-26-157-006).

Property Details for 318 College Ave

Property type
Lifestyle centers, Power centers
Square Feet
23,462 SF
Lot Size (sq. ft)
795,841 SF

Location Insight

City
Rockford
County
Winnebago
State
Illinois
Latitude
42.2619033
Longitude
-89.0923622
318 College Ave, Rockford, Illinois

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318 College Ave
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