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31644187
33739831

1601 N Alpine Rd, Rockford, IL 61107

SS
IL 471.010712
Marcus & Millichap SWM Group
FB
IN AB21405968
Marcus & Millichap - Indianapolis
AW
IL 475.140200
Marcus & Millichap SWM Group
JD
IN RB14051407
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap SWM Group, Marcus & Millichap - Indianapolis
$13,928,000
268 days on market
Updated 19 days ago

Mixed-Use Destination Center (Retail, Office, Medical)

Details
APN 12-17-403-030 | 12-17-403-032 12-17-403-033 | 12-17-403-034
Property Type Mixed Use, Office (+1)
Sub Type Medical Office, Shopping Center (+1)
Square Footage 155,616
Net Rentable (SqFt) 155,616
Units 54
Cap Rate 9.51%
NOI $1,324,073
Tenancy Multi
Brand/Tenant Anytime Fitness, Dunkin' Donuts (+1)
Lease Type Net
Lease Term 38.5
Lease Expiration 08/30/2035
Remaining Term 9.2
Rent Bumps Yes
Lease Options Yes
Price per SqFt $90
Broker Co-Op Yes
Year Built 1978
Buildings 6
Stories 2
Acreage 11.710
Parking Spaces 410 spaces
Parking per 1,000 SqFt 2.63
Investment Type Net Lease
Lease Commencement 02/28/1997
Occupancy Date 02/28/1997
Ground Lease No

Mixed-Use Destination Center | Retail, Office, Medical

Marketing 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% Occupied with Tenants from Various Industries
  • Retail Space has add-value potential | Over 85% 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

Listing Contacts

SS
IL 471.010712
Marcus & Millichap SWM Group
FB
IN AB21405968
Marcus & Millichap - Indianapolis
AW
IL 475.140200
Marcus & Millichap SWM Group
JD
IN RB14051407
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap SWM Group, Marcus & Millichap - Indianapolis

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$1,324,073.00
$110,339.42/mo

Valuation Metrics

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DSCR
9.51%
Cap Rate
9.51%
ROI

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Zoning

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C3 CommercialGeneral CommercialGeneral Commercial
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View all 106 uses
View all 106 uses
Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Steven Weinstock
License
IL 471.011175
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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