Prime Development Opportunity - Strategic Location with Multiple Incentives Exceptional parcel of land ideally positioned within a designated Enterprise Zone, Business Development District, and the E. Riverside/I-90 Overlay District. This highly visible and accessible site offers a rare combination of economic incentives, flexible development potential, and strategic connectivity. Located in a growth corridor with direct access to Interstate 90 and key arterial routes, the property benefits from strong traffic counts, excellent exposure, and proximity to established commercial users, hospitality, and regional amenities. Being situated within an Enterprise Zone may provide potential tax incentives and development benefits designed to encourage investment and job creation. The Business Development District designation further supports commercial growth, making this an ideal opportunity for office, hospitality, service-oriented, mixed-use or light industrial development. The E. Riverside/I-90 Overlay District enhances long-term value through coordinated planning, infrastructure improvements, and corridor-focused redevelopment initiatives. This site presents an outstanding opportunity for investors, developers, or owner-users seeking a location aligned with economic growth strategies and municipal support for business expansion.
177 days
|
37
|
0
|
Zillow last checked:
Listing updated:
Listed by:
Teri Watts815-871-1098,
Key Realty - Rockford
Source: MRED as distributed by MLS GRID,MLS#: 12575319
Facts & features
Property
Features
Frontage length: 173.7
Lot
Size: 1.1 Acres
Dimensions: 173.71x290
Details
Parcel number: 1203277021
Zoning: COMMR
Special conditions: None
Utilities & green energy
Utilities for property: Electricity Nearby, Natural Gas Nearby
Community & HOA
Location
Region: Loves Park
Financial & listing details
Annual tax amount: $48
Date on market: 2/23/2026
Ownership: Fee Simple
Road surface type: Concrete
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
2/23/2026
Listed for sale
$289,000
Source: MRED as distributed by MLS GRID #12575319Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
See how much you could borrow to make a competitive offer.
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.