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Property profile & analytics
FOR SALE
Office Spaces
115 7Th St Rockford, IL 61104
Entity Owned
4-yr Hold
Free & Clear
Property ID
US28-1531305
For Sale
1 / 30
$4,590,000
115 7Th St, Rockford, IL 61104
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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 Rockford, Illinois, places it within the I-90 growth corridor, benefiting from proximity to Chicago and the advantages of a thriving business environment. Rockford's diverse economy, including manufacturing and distribution, is further enhanced by the Rockford International Airport and easy access to I-90. This presents a strong investment opportunity in a well-established and growing market. The building's modern design and convenient location make it an attractive option for businesses seeking a functional and accessible workspace.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1927
Construction
FRAME
Total area
12,851 SF
Zoning code
C4
APN
11-26-230-011
UPID
US28-1531305
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bovada Online Casino Hotel & Motel Resort
-
Dr. Emilio Carrillo Dental Office
-
Dr. Mohamed Harunani Dental Office
-
Dr. Ayesha Zahurullah Dental Office
-
Mohamednazir F Harunani Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mount Fuji LLC · 4 yrs held
Mount Fuji LLC
since 2021
Last sale
$472,500
7 recorded transactions
Zoning & alternative use
C4 · Rockford, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rockford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,023
Tax year 2023
Assessed value
$77,270
Assessed 2023
Previous assessed
$69,065
+11.9% YoY
Effective rate
10.38%
On assessed value
Assessed land
$12,048
Assessed improvement
$65,222
Land market value
$36,144
Improvement market value
$195,666
Total market value
$231,810
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1927
Construction
FRAME
Heating
HOT WATER
Cooling
CENTRAL
Units
1
Total area
12,851 SF
Zoning code
C4
APN
11-26-230-011
UPID
US28-1531305
Jurisdiction
WINNEBAGO
Zoning & alternative use
C4 · Rockford, IL
Zoning C4 · permitted uses
C4 · Rockford, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1927
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Units
1
Current owner
From public records · entity-resolved
Mount Fuji LLC
Entity
Free & Clear · 4 yrs held
Mailing address
115 7TH STM, ROCKFORD, IL 61104-1249
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2021
$472,500
Mount Fuji LLC
Seventh Street Crossing LLC
Warranty Deed
—
Nov 13, 2014
$375,000
Seventh Street Crossing LLC
Rockford Dev LLC
Grant Deed
—
Nov 7, 2012
$136,281
Rockford Dev LLC
William Bradley Dev LLC
Warranty Deed
$136,281 · Northwest Bank Rockford
Dec 15, 2011
$90,835
Rockford Dev LLC
Ideal Real Estate Group LLC
Quit Claim Deed
related
—
Sep 28, 2010
—
Ideal Real Estate Group LLC
Commercial Associated Mtg Co
Warranty Deed
related
—
—
—
Ideal Real Estate Group LLC
—
Deed Of Trust
related
$145,000 · Northwest Bank Rockford
—
—
Rockford Dev LLC
—
Deed Of Trust
related
$140,970 · Northwest Bank Rockford
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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