Advertise

Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Open Dashboard
How to use Realmo Analytics Watch the walkthrough
Financial
Distress signals
Property profile

401 State St Rockford, IL 61101

OFF-MARKET
Other office properties
Property ID
US28-2042047
39,058 SF 0.52 ac lot Built 1930
Last sale Jan 2025 · $2,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This downtown Rockford office building is located at the corner of N Church Street and State Street and contains 33,806 square feet of office space. The property is situated within approximately one block of the courthouses, the theater district, and a community arena, and it features historic architectural elements with modern updates. Its location provides nearby access to everyday amenities including dining, shopping, and banking facilities.

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?
$45k
Tax billed · 2023
Assessed value$433k
Assessed land$38k
Assessed improvement$395k
Effective rate10.38%

Value estimate

· Oct 2026
$2.00M
$1.80M – $2.20M
AI approach$2.08M

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

Recently sold

What actually traded nearby?
$68/SF
ZIP average, outlier-cleaned · 47 recorded sales of this use type
Observed band · Q1–Q3$18 – $104
Qualifying comparables4

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: Realty agency
Demand index
Realty agency11.4
Plumbing Service9.9
Tailor Shop9.8

Location

401 State St Rockford, IL 61101-1248
County assessor Recorded deeds · 10 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
1144 Taylor, Rockford, IL 61101 $175,000 May 2024 9,869 SF
43rd W State, Rockford, IL 61101 $130,000 Nov 2023 15,528 SF
331 State, Rockford, IL 61101 $585,000 Aug 2022 19,760 SF
116 Church, Rockford, IL 61101 $585,000 Aug 2022 18,612 SF
213 State, Rockford, IL 61101 $162,500 May 2022 11,770 SF
124 Wyman, Rockford, IL 61101 $4,225,000 Nov 2019 77,936 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

Comparable nearby

  • Value Estimation
    $3,585,000
    34,848 SF
    100 Park Ave
    OFFICE (GENERAL)
    100 Park Ave, Rockford, IL 61101-1099
    View Details
  • Value Estimation
    $855,000
    27,000 SF
    1111 Avon St
    OFFICE (GENERAL)
    1111 Avon St, Rockford, IL 61101-5845
    View Details
  • Value Estimation
    $2,640,000
    25,866 SF
    127 Wyman St
    OFFICE (GENERAL)
    127 Wyman St, Rockford, IL 61101-1114
    View Details
  • Value Estimation
    $495,000
    19,760 SF
    331 State St
    OFFICE (GENERAL)
    331 State St, Rockford, IL 61101
    View Details
  • Value Estimation
    $7,985,000
    77,936 SF
    124 Wyman St
    OFFICE (GENERAL)
    124 Wyman St, Rockford, IL 61101
    View Details
  • Value Estimation
    $480,000
    18,612 SF
    116 Church St
    OFFICE (GENERAL)
    116 Church St, Rockford, IL 61101
    View Details

Similar in This City for Sale

  • Contact for pricing
    56,000 SF
    Multi-Tenant Shopping Center
    Signalized-corner retail and office center with multiple access points and adaptable suite layouts.
    300-318 N Alpine Rd, Rockford, IL 61107
    View Details
  • New
    Contact for pricing
    17,772 SF
    Two-Story Multi-Tenant Office Building
    Masonry, renovated office building with frontage on two streets and off-street parking in an urban mixed-use district.
    115 7th Street, Rockford, IL 61104
    View Details
  • New
    Contact for pricing
    13,652 SF
    Tri-Level Office Building
    C2-zoned office property with flexible interior planning and accessible movement between floors.
    706 North Main Street, Rockford, IL 61103
    View Details
  • Contact for pricing
    12,888 SF
    Flex Industrial Building with Dock
    Light industrial property combines warehouse functionality with a dedicated office component and an existing tenant through August 2027.
    5065 27th Ave, Rockford, IL 61109
    View Details
  • $720,000
    12,000 SF
    Historic Downtown Mixed-Use Building
    Three-story, elevator-served property with retail, creative, office, and residential configuration.
    402 E State St, Rockford, IL 61104
    View Details
  • New
    $1,100,000
    11,472 SF
    All-Brick Office Building with Flexible Layout
    Two-level commercial building with established office improvements and a customizable lower floor for additional suites.
    6019 Fincham Dr, Rockford, IL 61108
    View Details

Similar in This City for Lease

  • Contact for pricing
    34,500 sqft
    Downtown Rockford Office Space Available
    Eight-story highrise with panoramic views and flexible office spaces.
    303 N MAIN STREET, Rockford, IL
    View Details
  • Contact for pricing
    21,326 sqft
    Class A Office Building
    New Class A office building with state-of-the-art finishes.
    1252 Bell Valley Road, Rockford, IL 61107
    View Details
  • Contact for pricing
    77,200 sqft
    Fully Renovated Medical Office Facility
    Renovated in 2021 with a secure lobby, raised floor, and varied ceiling heights for office and medical-ready operations.
    2787 Mcfarland Rd, Rockford, IL 61107
    View Details
  • New
    Contact for pricing
    91,687 sqft
    Downtown Rockford Office Space Available
    Prime office space in downtown Rockford near amenities.
    308 W State St, Rockford, IL
    View Details
  • New
    Contact for pricing
    16,305 sqft
    Office Space in Rockford Center
    16,305 SF office space in Rockford shopping district.
    4021 Morsay Drive, Rockford, IL 61107
    View Details
  • New
    Contact for pricing
    15,076 sqft
    Class A Office Building with Atrium Lobby
    Class A office building with plentiful parking, a service entrance and loading dock, plus flexible contiguous floor options.
    973 Featherstone Road, Rockford, IL 61107
    View Details
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?”
You own 401 State St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Request Owner's contact information
Message sent successfully
Error
If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
Message sent successfully
Error
Email to Your Friends
Link copied to clipboard
Separate multiple addresses with a comma
Message sent successfully
Error
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
Thank You

You are Unsubscribed From Notifications

Thank You for Inquiry
401 State St, Rockford, IL, 61101
letter with green check mark
Check your email
We sent you the
agent's contact details. yellow underline
Can't find it?
Please check your junk/spam folder.
Why this one?
Saved
Reason not saved — we won't ask again
Google sign-in failed. Please try again or use another login method.
Sign Up Successful!
You now have access to more from Realmo!