Property profile

228 Alder Ave Rockford, IL 61107

OFF-MARKET
Office Spaces
Property ID
US28-2212152
Entity Owned Free & Clear
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Zoning code R1
APN 12-29-201-011
UPID US28-2212152

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

228 Alder Ave Rockford, IL 61107
Rockford metro Census 507 ROCKFORD, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.42M

Owner & transaction history

since 2025
Last sale
$2.4M
2 recorded transactions
2025
$2.4M
2014
Price N/A

Zoning & alternative use

R1 · Rockford, IL
Zoning description

R-1 Single-Family Residential R-1U Single-Family Residential, Urban R-2 Two-Family Residential R-3 Multifamily Residential R-4 Multifamily Residential 20-003 NAMES AND MAP SYMBOLS The “R” district names and map symbols a…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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