Property profile

1358 4Th Ave Rockford, IL 61104

FOR SALE
Office Spaces
Saved · see the list in your Dashboard
Property ID
US28-1212546
42,916 SF 1.26 ac Built 1920
Last sale Feb 2023·$350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This exceptional Class A mixed-use property in Rockford, Illinois, presents a unique investment opportunity. Located at 1358 4th Ave, 61104, this three-story building encompasses 42,916 square feet on a 1.5-acre lot. The property features a 16-foot ceiling height and ample parking for approximately 40-50 vehicles. Currently configured as a hotel, medical office, and traditional office space, this versatile building offers significant potential for diverse income streams. The building is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$21k
Tax billed · 2023
Assessed value$203k
Assessed land$33k
Assessed improvement$170k
Effective rate10.38%

Value estimate

· Nov 2026
$445k
$401k – $490k
AI approach$575k
NOI build-up
Gross scheduled income$927k
Vacancy & credit loss−$74k
Operating expenses−$320k
NOI$533k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$42/SF
ZIP average, outlier-cleaned · 91 recorded sales of this use type
Observed band · Q1–Q3$19 – $65
Qualifying comparables4

Cap rate analysis

How does the asset earn?
$533k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R2
R-2 Two-Family Residential R-3 Multifamily Residential R-4 Multifamily Residential 20-003 NAMES AND MAP SYMBOLS The “R” district names an...
General categoryRESIDENTIAL
JurisdictionWINNEBAGO

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency10.2
Dry Cleaner9.0
Watch Repair Shop8.7

Location

1358 4Th Ave Rockford, IL 61104
County assessor Recorded deeds · 5 transfers 4 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1322 State, Rockford, IL 61104-2222 $975,000 Feb 2026 22,335 SF
115 7th, Rockford, IL 61104-1249 $472,500 Dec 2021 12,851 SF
222 7th, Rockford, IL 61104-1209 $260,000 Oct 2020 7,128 SF
220 State, Rockford, IL 61104-1035 $960,000 May 2019 18,308 SF
2222 State, Rockford, IL 61104-1573 $423,000 Mar 2019 49,408 SF
105 6th, Rockford, IL 61104-1205 $367,500 Feb 2019 9,970 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
Why this one?
Saved