Property profile

2403 Grant Ave Rockford, IL 61103

OFF-MARKET
Industrial properties
Property ID
US28-1551299
4,850 SF 0.11 ac lot Built 1966
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1966
Construction STEEL FRAME
Total area 4,850 SF
Lot 0.11 ac (4,792 SF)
Zoning code I1
APN 11-11-453-009
UPID US28-1551299

Cap rate & NOI

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

Location

2403 Grant Ave Rockford, IL 61103
Rockford metro Census 3400 ROCKFORD, IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$190k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$190k

Owner & transaction history

since 2015
3 recorded transactions
2026
Price N/A
2023
Price N/A
2015
$250,000

Zoning & alternative use

I1 · Rockford, IL
Zoning description

23-002-A. I-1, LIGHT INDUSTRIAL DISTRICT The primary purpose of the I-1, Light Industrial/Business Park district is to accommodate low- impact manufacturing, wholesaling, warehousing, and distribution activities that occ…

General category INDUSTRIAL

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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