Financial
Distress signals
Property profile

2111 11Th St Rockford, IL 61104

FOR SALE
Other commercial real estate
Property ID
US28-0857351
22,257 SF 1.06 ac lot Built 1955
Last sale Nov 2023 · $199,000
Trust Owned Owner of record is a trust. 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

An industrial flex warehouse configured for commercial and industrial uses, featuring plentiful interior storage and multiple overhead doors that provide drive-through or loading/unloading access suitable for larger vehicles. The building is presented in a largely unconfigured state, allowing occupants to customize the interior layout to meet specific end-user requirements. Zoning and permitting details were not specified in the provided information, and prospective users would need to confirm allowable uses and requirements with the City.

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?
$4k
Tax billed · 2023
Assessed value$35k
Assessed land$35k
Assessed improvement$1
Effective rate10.38%

Value estimate

· Sep 2026
$200k
$180k – $220k
AI approach$200k
NOI build-up
Gross scheduled income$233k
Vacancy & credit loss−$14k
Operating expenses−$66k
NOI · 68.42% cap applied$154k

Realmo valuation models over county records and 3 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 comparables3

Cap rate analysis

How does the asset earn?
68.42%
$154k 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: Law Firm
Demand index
Law Firm17.1
Dental Office15.5
Gym & Fitness11.0

Location

2111 11Th St Rockford, IL 61104
County assessor Recorded deeds · 11 transfers 3 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
519 State, Rockford, IL 61104-1016 $500,000 May 2025 8,213 SF
1405 Kishwaukee, Rockford, IL 61104-4844 $270,000 May 2025 18,735 SF
602 Kishwaukee, Rockford, IL 61104-3016 $695,000 Feb 2025 9,020 SF
902 Broadway, Rockford, IL 61104 $140,000 Jan 2025 5,664 SF
1141 Broadway, Rockford, IL 61104-1447 $90,000 Dec 2024 11,905 SF
1206 Broadway, Rockford, IL 61104 $145,000 Oct 2024 6,976 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?”
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