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Financial
Distress signals
Property profile

406 Main St Rockford, IL 61103

OFF-MARKET
Specialty properties
Property ID
US28-2509749
46,227 SF Built 1903
Last sale Mar 2022 · $155,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional redevelopment opportunity presents a unique chance to acquire a substantial mixed-use property situated in the heart of Rockford, Illinois. The property, encompassing 46,227 square feet, consists of a three-story building constructed in 1903 and situated on a 28,054 square foot lot. Currently vacant, this Class D property offers significant potential for adaptive reuse. Previously utilized as an executive office space and a church/performing arts center, the building's…

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.

Debts

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?
$10k
Tax billed · 2023
Assessed value$100k
Assessed land$27k
Assessed improvement$73k
Effective rate10.38%

Value estimate

· Oct 2026
$110k
$99k – $121k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

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: Plumbing Service
Demand index
Plumbing Service9.5
Tailor Shop9.4
Catering Service8.7

Location

406 Main St Rockford, IL 61103-6819
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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

5 recorded sales · 12 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
436 Main, Rockford, IL 61103 $235,000 Mar 2025 No data
Rockton, Rockford, IL 61103 $47,000 Jun 2024 No data
2698 Joseph, Rockford, IL 61103-1615 $31,500 Dec 2022 No data
2572 Joseph, Rockford, IL 61103-1663 $31,500 Dec 2022 No data
420 Main, Rockford, IL 61103-6819 $130,000 Oct 2020 6,699 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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