Financial
Distress signals
Property profile

222 Water St Rockford, IL 61107

OFF-MARKET
Other industrial properties
Property ID
US28-1414140
48,600 SF 0.39 ac lot Built 1920
Last sale Jul 2024 · $300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 48,600-square-foot former marina building in a downtown waterfront setting with 132 feet of shoreline on the Rock River. The structure is configured to support redevelopment concepts that include residential units on the upper floors, commercial space at the main level, and food-and-beverage use at the river level, with interior demolition reported as approximately 90% complete. Exterior and site-related improvements include a roof replacement in 2024 featuring an R-30 TPO

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?
$17k
Tax billed · 2023
Assessed value$164k
Assessed land$25k
Assessed improvement$140k
Effective rate10.38%

Value estimate

· Sep 2026
$110k
$99k – $121k
AI approach$110k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$29/SF
Submarket average, outlier-cleaned · 199 recorded sales of this use type
Observed band · Q1–Q3$13 – $53

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?
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 agency21.3
Auto Parts Store14.9
Storage Facility13.1

Location

222 Water St Rockford, IL 61107
County assessor Recorded deeds · 1 transfer 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

5 recorded sales · 18 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
125 Madison, Rockford, IL 61107-3949 $250,000 Dec 2025 7,034 SF
623 Jefferson, Rockford, IL 61107-4025 $85,000 Jun 2025 3,554 SF
213 3rd, Rockford, IL 61107-4012 $50,000 Feb 2023 13,800 SF
1515 Crosby, Rockford, IL 61107-4326 $150,000 Jul 2021 2,940 SF
313 Market, Rockford, IL 61107 $209,000 Aug 2019 8,512 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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