Mixed-Use Destination Center | Retail, Office, Medical — Sale in Rockford, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Rockford, IL 61107
  • Year built: 1978

Photos

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Investment Figures

Cap rate
9.52%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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 85% occupied, offering value-add potential through leasing 17,065 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. Investment Highlights: • Mixed-Use Community Center | Many National, Service-Based, and Medical Tenants. • National Tenants in the Retail Center Include Dunkin' (With a Drive-Thru), Anytime Fitness, Ace Hardware, Edward Jones, and Addus Healthcare. • Historically Stabilized Property with Long-Term Leases | Ace Hardware (56 years), Dental Dimensions (36 years), Edward Jones (20 years), and Postal Shoppe (32 years), Etc. • The Office Building is 100 Percent Occupied with Tenants from Various Industries. • Retail Space has add-value potential | Over 85 Percent Occupied with all Net-Leased Tenants. • Highly Frequented Location on the Hard-Corner of a Stoplight Intersection. • 181,114 People Live and 183,799 People Work Within Five Miles.

Market Context

This mixed use in Rockford, IL is listed for sale. It is offered at an approximate 9.5% capitalization rate, a key benchmark for income-producing mixed use assets. The building dates to 1978. Compare it against other mixed use listings for sale in Rockford, IL — view the full market.

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