Property profile

2408 Perryville Rd Rockford, IL 61108

OFF-MARKET
Other commercial real estate
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Property ID
US28-5831892
5,984 SF 1.82 ac Built 1992
Last sale May 2026·$1,750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 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 property is a restaurant facility previously operated as a TGI Friday’s, comprising 6,121 square feet of building space on a 1.68-acre site. The premises are set up for long-term single-tenant use and were historically leased under a 20-year absolute net lease structure, with the base lease period featuring scheduled rent escalations of 10% every five years and additional extension options. The site is located off Interstate 39 in Rockford, Illinois, near retail development and CherryVale…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$37k
Tax billed · 2023
Assessed value$406k
Assessed land$102k
Assessed improvement$304k
Effective rate9.05%

Value estimate

· Nov 2026
$300k
$270k – $330k
Submarket $/SF estimate$522k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$121/SF
ZIP average, outlier-cleaned · 89 recorded sales of this use type
Observed band · Q1–Q3$44 – $212
Qualifying comparables5

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?
CC
JurisdictionWINNEBAGO

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency22.5
Building Supply15.6
Law Firm13.7

Location

2408 Perryville Rd Rockford, IL 61108-8231
County assessor Recorded deeds · 9 transfers 5 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
2629 Charles, Rockford, IL 61108-1608 $245,000 Sep 2025 5,612 SF
4412 Charles, Rockford, IL 61108 $200,000 Jul 2025 7,500 SF
4409 Charles, Rockford, IL 61108 $207,000 Jul 2024 6,270 SF
1207 Shenandoah, Rockford, IL 61108 $140,000 Jun 2024 8,100 SF
Charles, Rockford, IL 61108 $1,000,000 Apr 2024 5,600 SF
6445 State, Rockford, IL 61108-2541 $2,890,000 Mar 2024 7,572 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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