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5811 Forest Hills Rd 16,990 SF 39% Leased Retail Building Rockford, IL 61114 $2,493,432 CAD ($146.76 CAD/SF)
Investment Highlights
- Cap Rate: At the time of the recent sale, it was reported at an 11.5% in-place cap rate.
- Occupancy: Approximately 85% at the time of the 2024 transaction
- Last Sale Price: $3,478,000 (Closed on March 4, 2024).
Executive Summary
Prime investment opportunity to purchase 5811 Forest Hills Rd, Rockford, IL 61114 is a commercial retail center known as Forest Hills Plaza Last Sale Price: $3,478,000 (Closed on March 4, 2024 Tenant Mix: Includes a mix of service and dining, such as Thai and Mexican restaurants, a nail salon, a tattoo parlor, a lounge, and a convenience store.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
16,990 SF
Building Class
C
Year Built
1982
Price
$2,493,432 CAD
Price Per SF
$146.76 CAD
Percent Leased
39%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
2.09 AC
Zoning
C-2
Parking
82 Spaces (4.83 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Discount Tobacco & Pop
- Retailer
- -
- -
- -
- -
- Tacomex
- -
- -
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Discount Tobacco & Pop | Retailer | - | - | - | - | |
| Tacomex | - | - | - | Triple Net | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1
- 1,652 SF
- Retail
- -
- Now
Large open space for many uses - retail, office, fitness, etc. Two separate rooms in rear.
Retail Space for lease
| Space | Size | Space Use | Position | Available |
| 1 | 1,652 SF | Retail | - | Now |
| 2-3 | 2,600 SF | Retail | In-Line | Now |
| 5861 | 950 SF | Retail | - | Now |
1
| Size |
| 1,652 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2-3
| Size |
| 2,600 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
5861
| Size |
| 950 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 14
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Map
2-3
| Size | 2,600 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Large open space for many uses - retail, office, fitness, etc. Two separate rooms in rear.
5861
| Size | 950 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Retail Space for lease
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-07-226-016 | Improvements Assessment | $504,738 CAD |
| Land Assessment | $94,928 CAD | Total Assessment | $599,666 CAD |
Property Taxes
Parcel Number
12-07-226-016
Land Assessment
$94,928 CAD
Improvements Assessment
$504,738 CAD
Total Assessment
$599,666 CAD
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
5811 Forest Hills Rd
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