Property profile

115 7Th St Rockford, IL 61104

FOR SALE
Office Spaces
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Property ID
US28-1531305
12,851 SF Built 1927
Last sale Dec 2021·$472,500
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.
Market Trends Soon

Property summary

AI-generated overview

This exceptional two-story, 17,772 square foot Class C office building is located at 115 7th St, Rockford, IL 61104, near the Charles cross street. The property, built in 2018 (renovated), features a mix of executive and traditional office spaces within a multi-tenant building. Currently, there is no vacant space. The building sits on a 0.14-acre lot and boasts a 5.88 FAR. It offers 11 total parking spaces. The property is zoned C4 and has an APN of 11-26-230-011. This prime location in…

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?
$8k
Tax billed · 2023
Assessed value$77k
Assessed land$12k
Assessed improvement$65k
Effective rate10.38%

Value estimate

· Nov 2026
$410k
$369k – $451k
AI approach$395k
NOI build-up
Gross scheduled income$373k
Vacancy & credit loss−$52k
Operating expenses−$80k
NOI · 6.72% cap applied$241k

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$42/SF
ZIP average, outlier-cleaned · 91 recorded sales of this use type
Observed band · Q1–Q3$19 – $65
Qualifying comparables12

Cap rate analysis

How does the asset earn?
6.72%
$241k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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 agency16.2
Storage Facility10.9
Laundry Service10.0

Location

115 7Th St Rockford, IL 61104
County assessor Recorded deeds · 7 transfers 12 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
1322 State, Rockford, IL 61104-2222 $975,000 Feb 2026 22,335 SF
1330 State, Rockford, IL 61104-2251 $550,000 Jun 2022 5,888 SF
222 7th, Rockford, IL 61104-1209 $260,000 Oct 2020 7,128 SF
1140 Charles, Rockford, IL 61104-1219 $115,000 Jun 2019 6,440 SF
220 State, Rockford, IL 61104-1035 $960,000 May 2019 18,308 SF
105 6th, Rockford, IL 61104-1205 $367,500 Feb 2019 9,970 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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