LAND FOR SALE

1815,1819, 1827 and 18XX E. RIVERSIDE BLVD, Rockford, IL 61114
Vacant Land for Sale
Catylist Listing ID: 30149195
Property Subtypes: Multi-Family, Retail, Retail-Pad
Gross Land Area: 13.47 Acres
Sale Price: $475,000
Unit Price: $35,263 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/18/2018

Overview / Comments

13.47 ACRES ON E. RIVERSIDE BLVD. CURRENTLY ZONED R1 AND R3. R1 PORTION CAN BE REZONED TO R3 WHICH ROCKFORD HAS AGREED TO DO. PROPERTY HAS 465 FOOT FRONTAGE ON RIVERSIDE. TWO COMMERCIAL LOTS CAN BE DEVELOPED AND REZONED COMMERCIAL. SELLER HAS PLANS FOR DEVELOPMENT WHICH WILL BE SHARED WITH POTENTIAL BUYERS. ENTRANCE TO COMMERCIAL DEVELOPMENT HAS BEEN APPROVED OFF OF HYATT AVENUE. IDEAL LOCATION FOR MULTI-FAMILY DEVELOPMENT OR ASSISTED LIVING PROJECT.

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 12-054-4001,004,007,008, 009
Zoning: R1 AND R3
Property Located Between: MULFORD AND ALPINE
Property Visibility: Excellent
Legal Description: TO BE FURNISHED
Largest Nearby Street: ALPINE
Feet of Frontage: 465
Highway Access: 190
Airports: CHICAGO- ROCKFORD INTERNATIONAL
Area Description: COMBINATION OF RETAIL AND COMMERCIAL. CVS AND WALGREENS, WALMART AND VARIOUS OTHER RETAIL DEVELOPMENTS.
Lot Frontage: 465
Lot Depth: 1200
Zoning Description: R1 AND R3
Topography: Gently Sloping
Easements: Utilities
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal


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