Property Description

Dickerson & Nieman Realtors is pleased to present East Riverside Center, an established 22,701-square-foot multi-tenant retail investment property situated on approximately 2.09 acres along East Riverside Boulevard in Loves Park, Illinois. Offered at $4,800,000, the property was constructed in 2009 and features a diversified mix of restaurant, retail, personal service, and professional tenants, including Subway, Dotty's, Luxe Nail Lounge, Pho Square Vietnamese Restaurant, Maya Cantina, and KBQ.Strategically positioned at a prominent commercial intersection within the Rockford Metropolitan Statistical Area, East Riverside Center benefits from excellent visibility, convenient access, and proximity to established residential neighborhoods and major retail destinations. The property is located along the East Riverside Boulevard corridor, with convenient connectivity to Interstate 90 and Illinois Route 251, serving a metropolitan population of approximately 337,000 residents.The center is currently 94.2% occupied, offering investors an established income-producing asset with staggered lease expirations, contractual rental increases, and additional leasing upside through a 1,320-square-foot vacant retail suite. Based on reported 2025 operating cash flow of approximately $379,970, the offering reflects a historical capitalization rate of 7.92% at the asking price.East Riverside Center presents an attractive opportunity to acquire a well-located neighborhood retail investment within one of northern Illinois' established commercial corridors, combining existing cash flow, diversified tenancy, and opportunities for continued income growth.

Property Features