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5811 Forest Hills Road, Rockford, IL 61114
$1,677,800
5811 Forest Hills Road, Rockford, IL 61114View this property at 5811 Forest Hills Road, Rockford, IL 61114
5811 Forest Hills RoadRockfordIL61114
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Property Description
85% OCCUPANCY AT AN IN PLACE 11.5% CAP RATE. This is a 10 unit retail center on over 2 acres of land in Rockford. All tenants have multiple year leases. Many capital improvements in the last 12 months including new rooftop HVAC units, parking lot repaving and re-striping.
Full Property Details
Full Property Details for 5811 Forest Hills Rd
General
- Sold For: $1,677,800
- Taxes: $38,833 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: 11680470
- Added to Site: 140 day(s) ago
Additional Information
- Security/Safety: Other
Location
- Area: Rockford
- County: Winnebago
- Driving Directions: E Riverside to Forest HIlls Rd
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Electric
Structural Information
- Drive-In Doors: 1
- Stories/Levels: 1
- Square Feet: 16,768
- Year Built: 1982
Lot Features
- Lot Size (Sq. Ft.): 85,270
- Lot Dimensions: 339.4 x 223 x 88.3 x 195 x 264.44
- Zoning: OTHER
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Other
- Assessment Year: 1982
- Tax Amount: $38,833
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Janitorial Service, Varies by Tenant
Disclosures and Reports
- Property ID: 1207226016
Listed and Sold by Millennium Properties RE, Inc.
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Schools
Schools serving 5811 Forest Hills Rd
School District:Rockford Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
4015 Pepper Dr, Rockford, IL 61114 | PK-5 | 0.4 mi | |
3525 Spring Creek Rd, Rockford, IL 61107 | 6-8 | 1.3 mi | |
5620 Spring Creek Rd, Rockford, IL 61114 | 9-12 | 2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5811 Forest Hills Rd
Date
Details
Price
Change
Source
2/26/2024
Sold
$1,677,800
4.86%
MLS
11/30/2022
Listed
$1,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5811 Forest Hills Road, Rockford, IL 61114 (MLS# 11680470) is a Commercial property that was sold at $1,677,800 on February 26, 2024. Want to learn more about 5811 Forest Hills Road? Do you have questions about finding other Commercial real estate for sale in Rockford? You can browse all Rockford real estate or contact a Coldwell Banker agent to request more information.