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Property profile

222 Water St Rockford, IL 61107

OFF-MARKET
Other industrial properties
Property ID
US28-1414140
48,600 SF 0.39 ac lot Built 1920
Last sale Jul 2024 · $300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a mixed-use, waterfront development site formerly used as Rever’s Marina, featuring approximately 132 feet of shoreline on the Rock River. It is a multi-story building configured in concept for residential units on the upper levels (described as 21 apartments across the top three floors), commercial space on the main floor, and a dockside restaurant and bar at the river level; the site also includes five parking spaces. Documented improvements include a roof replacement with an…

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?
$17k
Tax billed · 2023
Assessed value$164k
Assessed land$25k
Assessed improvement$140k
Effective rate10.38%

Value estimate

· Nov 2026
$110k
$99k – $121k
AI approach$110k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$29/SF
Submarket average, outlier-cleaned · 199 recorded sales of this use type
Observed band · Q1–Q3$13 – $53

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 agency21.3
Auto Parts Store14.9
Storage Facility13.1

Location

222 Water St Rockford, IL 61107
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 · 18 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
125 Madison, Rockford, IL 61107-3949 $250,000 Dec 2025 7,034 SF
623 Jefferson, Rockford, IL 61107-4025 $85,000 Jun 2025 3,554 SF
213 3rd, Rockford, IL 61107-4012 $50,000 Feb 2023 13,800 SF
1515 Crosby, Rockford, IL 61107-4326 $150,000 Jul 2021 2,940 SF
313 Market, Rockford, IL 61107 $209,000 Aug 2019 8,512 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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Includes: Price & PSF · Cap rate · Location · Zoning

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