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MIXED-USE DESTINATION CENTER 6 Properties Offered at $19,077,320 CAD in Rockford, IL
Investment Highlights
- Mixed-Use Community Center | Many National, Service-Based, and Medical Tenants
- Historically Stabilized Property with Long-Term Tenants
- Retail Space has Add-Value Potential | Over 89% Occupied with all Net-Leased Tenants
- National Tenants in the Retail Center Include Dunkin’ (With a Drive-Thru), Anytime Fitness, Ace Hardware, Edward Jones, and Addus Healthcare
- The Office Building is 100% Occupied with Tenants from Various Industries
- Highly Frequented Location on the Hard-Corner of a Stoplight Intersection
Executive Summary
This mixed-use community center is anchored by a strong mix of national, service-based, and medical tenants including Dunkin’ with a drive-thru, Anytime Fitness, Ace Hardware, Edward Jones, and Addus Healthcare. The property has a long-standing history of stability, with several tenants executing long-term lease commitments of over 20 years, including Ace Hardware (56 years), Dental Dimensions (36 years), Edward Jones (20 years), and Postal Shoppe (32 years). Retail space is over 89% occupied, offering value add potential through leasing 13,260 square feet of vacancy and adjusting below-market rents, while the office component is 100% leased with minimal availability. Positioned at the high-traffic intersection of Alpine and Highcrest Roads, the center benefits from 1,371 feet of combined frontage and exposure to 33,600 vehicles per day. Edgebrook Shops had nearly 1.2 million visits in the past year, supported by an Anytime Fitness ranked among the top 18% nationally for visits. With more than 181,000 residents and 183,000 employees within five miles and proximity to Rockford University, OSF Saint Anthony Medical Center, and Mauh-Nah-Tee-See Country Club, the property is well located to attract consistent traffic and long-term demand.
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Property Facts
| Price | $19,077,320 CAD | Number of Properties | 6 |
| Price / SF | $122.59 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 9.87% | Total Building Size | 155,615 SF |
| Sale Type | Investment | Total Land Area | 37.51 AC |
| Status | Active |
| Price | $19,077,320 CAD |
| Price / SF | $122.59 CAD / SF |
| Cap Rate | 9.87% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 155,615 SF |
| Total Land Area | 37.51 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Edgebrook Office Tower
1639 N Alpine Rd, Rockford, IL 61107 |
Office | 44,401 SF | 1978 | - |
| 1605 N Alpine Rd, Rockford, IL 61107 | Retail | 59,265 SF | 1975 | - |
| 1641-1643 N Alpine Rd, Rockford, IL 61107 | Retail | 34,062 SF | 1974 | - |
| 1649-1659 N Alpine Rd, Rockford, IL 61107 | Retail | 9,446 SF | 1975 | - |
| 1661-1663 N Alpine Rd, Rockford, IL 61107 | Retail | 6,441 SF | 1975 | - |
| 1601 N Alpine Rd, Rockford, IL 61107 | Retail | 2,000 SF | - | - |
Contacts
-
Sean Sharko -
Austin Weisenbeck -
Forest Bender -
Sharko | Weisenbeck | Mendoza Group
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