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: 4/30/2021

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

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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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