Seller Financing
Address
XXXX ROYAL OAKS Road Rockford, IL
Price
$ 500,000
Property Attributes
  • MLS#10981014
  • TypeLand
  • CountyWINNEBAGO
  • CityRockford
  • AreaRockford
  • Zip61107
  • StyleAgricultural
  • Taxes$ 104
  • Price$ 500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size5.41 Acres
Listing Provided Courtesy Of:
Dickerson & Nieman Realtors
Data Source:
Midwest Real Estate Data (MRED) - 103 - IL
Property Description

Terrific opportunity! 723' of prime Interstate I-90 FRONTAGE! And just 1 mile from the proposed new Hard Rock Casino!! Buildable, 5.4 acres in this premier location that is located in an 'Enterprise Zone' in Rockford. Adjacent land (20 acres) to the north and south also available with more I-90 frontage. Zoned C-1 and current use is farmland with incredibly low taxes. The current owner has a transferable variance for a tall sign on Interstate 90, for 30' above the travel lanes. The creek runs along part of the east side and the northeast corner of the parcel. Water and sewer at lot line as the property backs up to a condominium development. Endless possibilities: divisible, agreement for deed, seller financing, lease to buy, joint venture. One of the photos shows a proposed site plan for 5 8-unit condo buildings.

Price History
1/27/2021 Listed $500,000

General Features

City Rockford
County Winnebago
Current Use Agricultural
Days on Market 92
Directions STATE ST TO NORTH ON LYFORD AND WEST ON ROYAL OAKS
Elementary School District 205
High School District 205
MLS Area Rockford
Middle/Junior School District 205
Ownership Fee Simple
Possession Closing
Property Type Land
Property Type Land
Standard Status Active
Status Active
Street Name ROYAL OAKS
Tax Annual Amount 104
Tax Year 2019
Township Rockford
Utilities Electric Nearby, Sanitary Sewer, Water Nearby
Zoning COMMR

Interior Features

Street Suffix Road

Exterior Features

Frontage Length 723
Frontage Type Other
Lot Dimensions 723.39X723.37X327.18X328.34
Lot Size Acres 5.41
Road Surface Type None
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 61107

Price
AVG $110K
$500K
Taxes
AVG $1,249
$104
Visits
AVG 102
31
Walkscore
AVG 24
6
Data Provided by Walkscore ® not using MLS data

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