Property profile

1235 Mulford Rd Rockford, IL 61107

OFF-MARKET
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Property ID
US28-2398623
63,016 SF 5.48 ac Built 1990
Last sale Oct 2021·$10,479,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The Cornerstone Medical Building is an elevator-served, two-story medical office property constructed in 1988 and renovated in 2003. The building has 62,175 square feet and is configured as a multi-tenant facility with a specialized mix of medical office users, including Pain Management Services (18%), MD SkinCenter, and Northern Illinois Retina (31%). The property is positioned with convenient access to Interstates 90 and 30 and is located near four hospitals with an aggregate of 1,068 beds,…

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?
$211k
Tax billed · 2023
Assessed value$2.03M
Assessed land$241k
Assessed improvement$1.79M
Effective rate10.38%

Value estimate

· Nov 2026
$9.07M
$8.16M – $9.98M
AI approach$8.03M
CAP approach$12.04M
Submarket $/SF estimate$6.51M

Realmo valuation models over county records and 3 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 comparables3

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?
C1
The C-1, Limited Office district is intended to accommodate low-intensity office development in close proximity to residential uses
General categoryCOMMERCIAL
JurisdictionWINNEBAGO

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand index
Auto Repair Shop13.0
HVAC Service11.6
Parking Facility11.5

Location

1235 Mulford Rd Rockford, IL 61107-3879
County assessor Recorded deeds · 15 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
323 2nd, Rockford, IL 61107-4003 $415,000 Feb 2025 10,018 SF
364 Financial, Rockford, IL 61107-6668 $3,500,000 Jan 2023 12,601 SF
839 Perryville, Rockford, IL 61107-6238 $1,364,000 May 2022 27,091 SF
346 Roxbury, Rockford, IL 61107-5090 $8,750,000 Jan 2022 13,278 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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