Financial
Distress signals
Property profile

2020 Harrison Ave Rockford, IL 61104

FOR LEASE
Industrial properties
Property ID
US28-4153014
357,475 SF 23.02 ac lot Built 1937
Last sale Jan 2008 · $1,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 357,475-square-foot industrial warehouse, situated on 23.94 acres in Rockford, Illinois, presents a significant opportunity. Built in 1937, this single-story building features one suite and boasts a substantial 22,798 square feet of immediately available space. The property includes two dock-high doors and four drive-in doors, facilitating efficient loading and unloading. The warehouse features eight-inch concrete flooring and gas-fired heat. Ample truck parking is

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?
$57k
Tax billed · 2023
Assessed value$553k
Assessed land$83k
Assessed improvement$470k
Effective rate10.38%

Value estimate

· Sep 2026
$810k
$729k – $891k
Submarket $/SF estimate$3.50M
NOI build-up
Gross scheduled income$3.65M
Vacancy & credit loss−$211k
Operating expenses−$515k
NOI · 4,054,927.78% cap applied$2.92M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$19/SF
ZIP average, outlier-cleaned · 48 recorded sales of this use type
Observed band · Q1–Q3$10 – $31

Cap rate analysis

How does the asset earn?
4,054,927.78%
$2.92M 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?
I1
The primary purpose of the I-1, Light Industrial district is to accommodate low impact manufacturing, wholesaling, warehousing, and distr...
General categoryINDUSTRIAL
JurisdictionWINNEBAGO

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand index
Dental Office28.6
Restaurant28.2
Law Firm25.2

Location

2020 Harrison Ave Rockford, IL 61104
County assessor Recorded deeds · 5 transfers 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

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2100 23rd, Rockford, IL 61104-7333 $4,100,000 Feb 2026 161,810 SF
816 7th, Rockford, IL 61104-1308 $78,666 Aug 2024 36,968 SF
2340 11th, Rockford, IL 61104-7246 $1,300,000 Jan 2024 43,310 SF
1639 23rd, Rockford, IL 61104 $1,300,000 Jan 2024 28,854 SF
23rd, Rockford, IL 61104 $500,000 Dec 2023 54,017 SF
2500 Kishwaukee, Rockford, IL 61104-7010 $5,000,000 Nov 2023 140,910 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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