555 S. Perryville Rd, Rockford, IL

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30043336
Property Subtypes: Free-Standing Building, Street Retail, Other
Building Size (RSF): 24,443 SF
Gross Building Area: See Agent
Gross Land Area: 2.12 SF
Sale Price: $2,300,000
Unit Price: $94.10 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/21/2020

Overview / Comments

Prime redevelopment opportunity near
Rockford' s top retail intersection

23,443 SF, 2-story building on 2.12 acres

Great visibility and high traffic counts

Signalized access from S. Perryville Rd. and
Walton St. with immediate entry into property

Neighboring stripe center tenants includes
Jason' s Deli, Eyewear Express, Sports Clip

Close proximity to prime retailers with Sam' s
Club, Wal-Mart, Lowe' s, Best Buy, Target,
Home Depot

Plentiful parking - 108 parking spaces

Strong demographics and labor pool

Monument signage available

Suitable for retail development or office
renovation

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 1227226014
Retail Clientele: General, Family, Business, Traveler, Other
Property Located Between: S. Perryville Road and Walton Road
Property Visibility: Excellent
Largest Nearby Street: S. Perryville Road
Highway Access: Interstate 90
Area Description: 555 S. Perryville is located at the center of Rockford’s strongest retail corner. E. State Street remains the dominant retail corridor in the Rockford area and is home to its largest in-line retailers. At the E. State St./Perryville Rd. intersection, Best Buy, H.H. Greg, Sam’s Club, Ashley Furniture, Gordman’s, and Lowes are all within eyesight. The immediate area is also well known for its concentration of restaurants: Red Robin, McDonald’s, Chick-Fil-A, Perkins, Applebees, Jason’s Deli, Chipotle, Panda Express, Five Guys, I-Hop, and Panera, plus others, are all close to this intersection. The CherryVale Regional Mall, containing 134 stores and nearly 800,000 SF, is approximately 2 1/5 miles directly south of the property via S. Perryville Rd. With 8 million visitors a year, the mall is a major regional draw to the area and provides support for other area retailers nearby.
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Parking Type: Surface
Parking Description: Plentiful parking - 108 parking spaces

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,238 52,721 147,531
Median Age: 45.99 43.09 40.29
Households: 2,791 21,642 60,232

Contact

Photograph of Listing Agent

Karen Walsh

CBRE, INC. CMCPEX Member
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