ROYAL OAKS ROAD 5.41 ACRES
Vacant Land
for Sale
| Catylist Listing ID: |
30701577 |
| Gross Land Area: |
5.41 Acres
|
| Sale Price: |
$500,000 |
| Unit Price: |
$92,421 Per Acre |
| Adjacent Parcels Available: |
Yes |
| Sale Terms: |
Cash to Seller, Owner Financing, Build-to-Suit, Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
7/12/2021 |
Overview / Comments
|
TERRIFIC OPPORTUNITY! 723' OF PRIME 1-90 FRONTAGE! AND JUST 1 MILE FROM THE PROPOSED NEW HARD ROCK CASINO!! BUILDABLE 5.4 ACRES IN THIS PREMIER LOCATION THAT IS LOCATED IN AN "ENTERPRISE ZONE" IN ROCKFORD. ADJACENT 16 ACRES TO THE NORTH AND 5 ACRES TO THE SOUTH COULD BE AVAILABLE. ZONED C-1 AND CURRENT USE IS FARMLAND (2019 PROPERTY TAX BILL $104.24.) VARIANCE POSSIBLE FOR TALL SIGN ON INTERSTATE 90, FOR 30' ABOVE TRAVEL LANES. A CREEK RUNS ALONG PART OF THE EAST SIDE AND NORTHEAST CORNER. WATER AND SEWER AVAILABLE AS PROPERTY BACKS UP TO CONDOMINIUM DEVELOPMENT. "Endless possibilities: divisible, agreement for deed, seller financing, lease to buy, joint venture."
|
Financials
| Finance Data Year |
2019 |
| Assessed Value - Total($) |
$778 (Annual) |
| Real Estate Taxes - Annual($) |
$104.24 (Annual) |
Additional Details
| Nearest MSA: |
Rockford |
| County: |
Winnebago |
| Tax ID/APN: |
1223228005 |
| Zoning: |
C1 |
| Zoning Description: |
COMMERCIAL CURRENT LAND USE FARM LAND |
| In Flood Plain?: |
Yes |
| Available Utilities: |
Electric, Water, Gas, Sewer |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,059 |
45,333 |
127,088 |
| Median Age: |
43.43 |
44.94 |
41.01 |
| Households: |
1,892 |
18,709 |
51,122 |
|
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Neither Rockford Area REALTORS nor
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