Investment Overview
SVN Chicago Commercial presents Whitehouse Plaza, a well-established, 26-unit neighborhood center located at the high-traffic intersection of N. Alpine Road and Highcrest Road in Rockford, Illinois. The property offers a compelling value-add opportunity, currently 60% occupied with strong leasing potential for both retail and office users. Featuring excellent visibility, multiple access points, abundant parking, and prominent signage, Whitehouse Plaza provides an investor or owner-user the chance to enhance income and long-term stability in the Rockford MSA.
Investment Highlights
- Value-Add Opportunity: Currently ±60% occupied, offering significant upside through lease-up and repositioning of remaining vacancies.
- Established Neighborhood Center: 26-unit multi-tenant property catering to a mix of retail and office users, serving the surrounding residential community.
- Prime Visibility & Access: Situated along N. Alpine Road, one of Rockford’s busiest commercial corridors, at a signalized intersection with multiple ingress/egress points.
- Strong Fundamentals: Ample surface parking, excellent signage opportunities, and adaptable suite layouts ideal for small business tenants.
- Diverse Tenant Demand: Flexible zoning and suite sizes accommodate retailers, service providers, and professional offices seeking affordable space within the Rockford MSA.
- Regional Growth Market: Rockford’s stable economy, anchored by healthcare, logistics, and manufacturing, supports consistent tenant demand and long-term investment potential.