Skip to main content

Mixed-Use

Mixed-Use Destination Center | Retail, Office, Medical

1601 N Alpine Rd, Rockford, IL 61107

Listing Price: $13,928,000

Cap Rate
9.87%
Number of Suites
54
Gross SF
155,616
Rentable SF
155,616
Price/Gross SF
$89.50
Lot Size
11.71 acres
Year Built
1978

Investment Overview

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 89 percent occupied, offering value add potential through leasing 13,260 square feet of vacancy and adjusting below-market rents, while the office component is 100 percent 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 percent 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 89 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.

Exclusively Listed By

Financing By

Mixed-Use

Mixed-Use Destination Center | Retail, Office, Medical

Listing Price: $13,928,000

Cap Rate
9.87%
Number of Suites
54
Gross SF
155,616
Rentable SF
155,616
Price/Gross SF
$89.50
Lot Size
11.71 acres
Year Built
1978

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 89 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.

Investment Overview

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 89 percent occupied, offering value add potential through leasing 13,260 square feet of vacancy and adjusting below-market rents, while the office component is 100 percent 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 percent 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.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower