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    111 Rockton Ave Rockford, IL 61103

    For Sale
    $134,900

    High-yield rental property, 13 rooms.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This Rockford, IL investment opportunity presents a 13-room commercial property spanning two parcels at 111 & 113 N Rockton Ave. Currently, seven of the thirteen units are occupied, generating consistent rental income. Four units rent for $400 per month, and three rent for $350 per month. Six units are currently vacant, presenting immediate potential for increased revenue. Each room features electric baseboard heating

    Property Features for 111 Rockton Ave

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1925
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.09911
    Latitude
    42.27366

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield rental property, 13 rooms.
    Where is this commercial real estate located?
    The property is located at 111 Rockton Ave Rockford, IL.
    What is the asking price?
    The asking price for this property is $134,900.
    (815) 708-0141
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    111 Rockton Ave Rockford, IL 61103
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    Rockford, IL 61103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    111 Rockton Ave Rockford, IL 61103
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