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Property summary
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… versatile layout and substantial size allow for a wide range of redevelopment possibilities. The property is zoned C4, providing flexibility for various commercial ventures. The asking price is $300,000, translating to $6.49 per square foot. Key features include a large parking lot, a prominent LED message center, and a highly desirable location near shopping, entertainment, and dining options. The property's rich history and prime location in Rockford, combined with its substantial size and flexible zoning, make it an attractive investment for developers seeking a high-impact project. The APN numbers are 11-23-177-013 and 11-23-177-015. This is a truly one-of-a-kind opportunity to revitalize a historic landmark in a thriving Illinois city.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 nearbyComparable nearby
Similar in This City for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 46,227 SF
- Year built
- 1903
- APN
- 11-23-177-015
- Zoning
- C4
- Assessed value · 2023
- $99,637
- Annual tax · 2023
- $10,346
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
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 and promote a compact, pedestrian-oriented, mixed-use district with a diverse mix of…
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Signals, scores & lead lists
- 1500 owner contacts a month
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- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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