Financial
Distress signals
Property profile

3405 Lonergan Dr Rockford, IL 61109

FOR LEASE
Other industrial properties
View Listing
Property ID
US28-2151435
13,300 SF 0.81 ac lot Built 1975
Last sale Jul 2024 · $600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

Built in 1975, this 12,900-square-foot industrial facility is configured to support two tenants and is designated INDUS zoning. The property is located at 3405 Lonergan Drive in Rockford, Illinois, and it provides access to major interstates and regional highways for regional transportation connectivity.

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

What does the county charge?
Assessed value · 2023$130k
Assessed land$19k
Assessed improvement$111k

Value estimate

· Sep 2026
$205k
$185k – $226k
AI approach$205k
NOI build-up
Gross scheduled income$136k
Vacancy & credit loss−$8k
Operating expenses−$19k
NOI · 10,247,452.83% cap applied$109k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$37/SF
ZIP average, outlier-cleaned · 72 recorded sales of this use type
Observed band · Q1–Q3$17 – $56
Qualifying comparables3

Cap rate analysis

How does the asset earn?
10,247,452.83%
$109k 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?
I1
The primary purpose of the I-1, Light Industrial district is to accommodate low impact manufacturing, wholesaling, warehousing, and distr...
General categoryINDUSTRIAL
JurisdictionWINNEBAGO

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency20.3
Law Firm16.6
Spa & Massage13.7

Location

3405 Lonergan Dr Rockford, IL 61109
County assessor Recorded deeds · 2 transfers 3 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3261 Frst Vw, Rockford, IL 61109-1643 $770,000 Jul 2025 11,760 SF
4620 Hydraulic, Rockford, IL 61109-2616 $612,500 May 2025 12,600 SF
4738 American, Rockford, IL 61109-2629 $725,000 Apr 2024 14,900 SF
6638 11th, Rockford, IL 61109-4304 $60,000 Feb 2024 13,808 SF
5894 Sandy Holw, Rockford, IL 61109-2767 $630,000 Jan 2024 12,500 SF
3610 Mansfield, Rockford, IL 61109-2007 $450,000 Nov 2023 14,000 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message