Rockford, IA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Rockford, Iowa Market population: 152K. Explore income-producing properties with verified cap rates and operating...
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11 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Rockford IL Properties: 4.3450%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Rockford IL
Common questions from investors exploring commercial real estate in Rockford IL.
What's the overall investment outlook for Rockford, IL, considering its demographics and economy?
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The city's median household income of $38,067, combined with a poverty rate of 23.1%, suggests a working-class market, while the 90.6% health insurance coverage indicates a degree of employment stability. The top industries, including Public Administration and Construction, contribute to a relatively stable economy, making it an attractive option for investors.
How does the city's ethnic diversity and commute time impact the rental market?
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The diverse population, with top ethnicities including White, White Non-Hispanic, and Black, contributes to a vibrant community, while the average commute time of 19.9 minutes and top commute methods like Drove Alone and Carpooled, indicate a convenient location for renters. This balance of diversity and accessibility can lead to a strong demand for rental properties.
What are the key factors to consider when evaluating the potential for property appreciation in Rockford?
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The median property value of $102,200, combined with a median property tax of $33,130, and a homeownership rate of 54.7%, suggests a relatively affordable market with potential for appreciation. Additionally, the city's income inequality, as indicated by the GINI coefficient of 0.484, and the poverty rate of 23.1%, may impact property values, making it essential to carefully evaluate the local market trends.
How does the city's industry mix and employment rate influence the quality of tenants?
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The top industries, including Public Administration, Wholesale Trade, and Construction, provide a stable source of employment, with an employed population of 61,303, which can lead to a pool of reliable tenants. Furthermore, the 90.6% health insurance coverage suggests that many residents have access to stable employment and benefits, reducing the risk of tenant turnover and non-payment.
What role do health insurance coverage and commute time play in assessing market stability for real estate investments?
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The high health insurance coverage rate of 90.6% and the relatively short average commute time of 19.9 minutes, indicate a stable and employed population, which can contribute to a lower risk of tenant default and higher rental yields. This combination of factors suggests a relatively stable market, making Rockford an attractive option for real estate investors seeking predictable returns.
Rockford IL Real Estate & City Facts
Key facts and real estate information about Rockford IL.
What are some of the best neighborhoods to live in Rockford?
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Some of the best neighborhoods to live in Rockford include Churchill's Grove, Signal Hill, Rolling Green, Loves Park, Cherry Valley, Machesney Park, Rockton, and Roscoe. These neighborhoods offer a range of housing options, from historic homes to newer developments, and are known for their safety, good schools, and community amenities.
What are some fun things to do in Rockford?
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There are plenty of fun things to do in Rockford, including visiting the Anderson Japanese Gardens, exploring the Frank Lloyd Wright's Laurent House, and checking out the city's many museums and art galleries. You can also enjoy the outdoors at one of the city's many parks, such as Beattie Park or Davis Park. If you're looking for something more unique, you can visit the Rockmen Guardians or the Beattie Park Mound Group Historic Site.
What is the food scene like in Rockford?
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The food scene in Rockford is diverse and offers something for every craving. You can find classic Italian dishes at restaurants like Lino's or Franchesco's Ristorante, or try some hearty comfort food at places like Tavern on Clark or The Norwegian. There are also plenty of great food trucks and farm-to-table restaurants, such as Octane InterLounge or Lyran Tavern & Grill. If you're looking for something unique, you can try some vegan options at Pig Minds Brewing or Smokin Coop for BBQ.
What are the pros and cons of living in Rockford?
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The pros of living in Rockford include its affordable housing, low cost of living, and strong sense of community. The city also has a rich cultural scene, with many museums, art galleries, and performance venues. However, some of the cons of living in Rockford include its high crime rate, limited job opportunities, and limited public transportation options. Additionally, the city's economy has struggled in recent years, which can make it difficult to find employment or start a business.
Is Rockford a good place to live?
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Whether or not Rockford is a good place to live depends on your individual priorities and preferences. If you're looking for an affordable place to live with a strong sense of community, Rockford may be a good fit. However, if you're looking for a city with a thriving economy, plenty of job opportunities, and a low crime rate, you may want to consider other options. Ultimately, it's up to you to weigh the pros and cons and decide whether Rockford is the right place for you.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Rockford IL Commercial Property: $38,067
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
⭐ Featured
Prime 15-Unit Multifamily Investment in Heart of San Francisco
$4,895,000
San Francisco
Multifamily
Cap Rate
%
NOI
$0
Size
8,225 SF
⭐ Featured
7-Unit Multifamily Value-Add Opportunity in Long Beach with 7% Cap Rate
$2,100,000
Long Beach
Multifamily
Cap Rate
7.00%
NOI
$144,960
Size
6,074 SF
⭐ Featured
Prime Arcata Multifamily Value-Add: 126-Unit Garden Apartment with 8.67% Cap Rate
$12,750,000
Arcata
Multifamily
Cap Rate
8.67%
NOI
$99,999
Size
87,484 SF
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