Former Hooters - Home Depot Outparcel

Prime Retail Pad Site Property | Home Depot Outparcel | 6904 Argus Dr, Rockford, IL

An exceptional commercial retail acquisition opportunity is now available at 6904 Argus Drive in Rockford, Illinois. Offered at $1,500,000, this freestanding 4,886-square-foot building is situated on a spacious 1.22-acre lot positioned directly on a highly visible pad site adjacent to The Home Depot. Built in 2001 and currently configured with a functional restaurant layout, this versatile property offers immediate value-add potential for owner-users, single-tenant operators, or developers seeking second-generation restaurant space or strategic retail repositioning in Rockford's dominant commercial corridor.

Investment & Property Snapshot

• Address: 6904 Argus Dr, Rockford, IL 61107

• Offering Price: $1,500,000

• Building Size: 4,886 SF

• Lot Size: 1.22 Acres (53,143 SF)

• Price Per Square Foot: ~$307/SF

• Year Built: 2001

• Property Type: Commercial Retail / Freestanding Restaurant / Street Retail

• Parking: Generous surface parking field serving high-volume retail or food service uses

Key Investment Highlights

• Premier Anchor-Adjacent Pad Site: Positioned directly alongside The Home Depot, providing built-in foot traffic, cross-shopping synergy, and continuous high-volume customer exposure.

• Existing Restaurant Infrastructure: Outfitted with a standard restaurant footprint that significantly reduces initial capital expenditures for food service, QSR, or hospitality operators.

• Versatile Repositioning & Redevelopment Opportunity: The sizable 1.22-acre lot and adaptable 4,886 SF building footprint support a wide range of commercial uses, including medical office, retail, automotive service, or complete site redevelopment.

• Exceptional Traffic Counts & Connectivity: Located immediately off East State Street—a major arterial corridor seeing over 30,000 vehicles per day—with immediate proximity and access to Interstate 90 (I-90).

Prime Rockford, IL Commercial Corridor Location Situated in the heart of Rockford’s premier retail hub, 6904 Argus Drive benefits from an established network of regional retail traffic drivers. The surrounding trade area includes major national anchors such as CherryVale Mall, Target, Walmart Supercenter, Sam’s Club, Kohl’s, and Starbucks. Supported by a robust local demographic base and high daily visitor volume, this property represents a high-performing real estate location for businesses looking to capitalize on a proven Midwest retail market.