Financial
Distress signals
Property profile

1401 2nd St Rockford, IL 61107

OFF-MARKET
Office Spaces
Property ID
US28-2610122
11,102 SF 2.84 ac lot Built 2006
Last sale Mar 2019 · $975,000
Individually Owned Owner of record is an individual. 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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.

Mortgages

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?
$33k
Tax billed · 2023
Assessed value$317k
Assessed land$124k
Assessed improvement$193k
Effective rate10.38%

Value estimate

· Sep 2026
$370k
$333k – $407k
Submarket $/SF estimate$1.02M

Realmo valuation models over county records and 5 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 comparables5

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?
RE
RE Rural Estate R-1 Single-Family Residential R-1U Single-Family Residential, Urban R-2 Two-Family Residential R-3 Multifamily Residentia...
General categoryRESIDENTIAL
JurisdictionWINNEBAGO

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant38.1
Realty agency37.9
Building Supply32.3

Location

1401 2nd St Rockford, IL 61107-3044
County assessor Recorded deeds · 1 transfer 5 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
622 Roxbury, Rockford, IL 61107-5089 $4,500,000 Nov 2022 9,908 SF
346 Roxbury, Rockford, IL 61107-5090 $8,750,000 Jan 2022 13,278 SF
318 1st, Rockford, IL 61107-3902 $295,000 Dec 2021 7,560 SF
6774 Troy, Rockford, IL 61107-6626 $800,000 Sep 2021 11,152 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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