Commercial Land for sale in Rockford, Illinois, offers a unique opportunity for investors and developers to tap into the city's growing economy. With a rich history in industrial development, Rockford has diversified its economy to include automotive, aerospace, and healthcare industries, making it an attractive location for businesses. Commercial Land in Rockford can represent a variety of investments, from retail and office spaces to industrial and manufacturing facilities. The city's strategic location along the Rock River and its proximity to major highways, including Interstate 39 and Interstate 90, make it an ideal spot for businesses that rely on transportation and logistics. Additionally, Rockford's amenities, such as the Aldeen Golf Club and the Swedish American Hospital's School of Medical Technology, contribute to its appeal as a great place to live and work. With 19 Commercial Land listings available, investors have a range of options to choose from.
Rockford's Commercial Land market is characterized by its average price per square foot of , with an average size of square feet. The largest Commercial Land listing available is 0 square feet, offering ample space for businesses to grow and expand. With an average cap rate of , Commercial Land in Rockford presents a promising investment opportunity. In addition to Commercial Land, Rockford also offers other property types, such as office spaces, industrial facilities, and retail stores. The city's cultural and historical venues, including the Anderson Japanese Gardens and the Coronado Theatre, make it an attractive location for businesses and residents alike. Overall, Rockford's Commercial Land market offers a unique blend of economic growth, cultural richness, and natural beauty, making it an attractive investment opportunity.
What are common commercial uses for land in the Rockford market?
In the Rockford market, common commercial uses for land include industrial and manufacturing facilities, taking advantage of the city's historical significance in heavy machinery, hardware, and furniture manufacturing, as well as its proximity to major transportation hubs like the Chicago Rockford International Airport and the Union Pacific Railroad's Global III Intermodal Facility.
Additionally, commercial land in Rockford is also used for retail and office spaces, healthcare facilities, and educational institutions, catering to the city's diverse economy and population of around 150,000 people, with average commercial land prices ranging from $ per square foot and average parcel sizes of square feet.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Rockford, Illinois, there are several common ways to do so. For instance, investors can buy land directly from a seller, work with a real estate agent or broker, or purchase land at an auction, and it's essential to understand the process, which is outlined in our article on how to buy land, to ensure a successful transaction.
