Financial
Distress signals
Property profile

323 2nd St Rockford, IL 61107

OFF-MARKET
Office Spaces
Property ID
US28-1555943
10,018 SF 0.49 ac lot Built 1966
Last sale Feb 2025 · $415,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$67k
Assessed land$19k
Assessed improvement$48k
Effective rate10.38%

Value estimate

· Sep 2026
$415k
$374k – $457k
AI approach$370k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$75/SF
ZIP average, outlier-cleaned · 43 recorded sales of this use type
Observed band · Q1–Q3$35 – $135
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C4
Article 22 | C-4, URBAN MIXED-USE DISTRICT 22-001 PURPOSE The purposes of the C-4, Urban Mixed-Use district are to: 22-001-A. maintain an...
General categoryMIXED_USE
JurisdictionWINNEBAGO

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency23.9
Storage Facility16.0
Auto Parts Store15.5

Location

323 2nd St Rockford, IL 61107-4003
County assessor Recorded deeds · 7 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
364 Financial, Rockford, IL 61107-6668 $3,500,000 Jan 2023 12,601 SF
622 Roxbury, Rockford, IL 61107-5089 $4,500,000 Nov 2022 9,908 SF
346 Roxbury, Rockford, IL 61107-5090 $8,750,000 Jan 2022 13,278 SF
318 1st, Rockford, IL 61107-3902 $295,000 Dec 2021 7,560 SF
6774 Troy, Rockford, IL 61107-6626 $800,000 Sep 2021 11,152 SF
415 Financial, Rockford, IL 61107-6670 $2,331,000 Apr 2021 11,335 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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