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Financial
Distress signals
Property profile

303 N Main St Rockford, IL 61101

FOR LEASE
Office Spaces
Property ID
US28-2162736
108,233 SF 0.34 ac lot Built 1932
Last sale Oct 2005 · $1,701,691
Entity Owned Owner of record is a legal entity (LLC / corporation). 19-yr Hold Held for 19 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
303 N Main St, Rockford, IL 61101 For Lease
Contact for pricing 34,500 SF available
303 N Main St, Rockford, IL 61101
View Listing

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.

Debts

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?
$147k
Tax billed · 2023
Assessed value$1.42M
Assessed land$29k
Assessed improvement$1.39M
Effective rate10.38%

Value estimate

· Oct 2026
$820k
$738k – $902k
Submarket $/SF estimate$11.17M
NOI build-up
Gross scheduled income$725k
Vacancy & credit loss−$100k
Operating expenses−$156k
NOI · 2,602,161.11% cap applied$468k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$68/SF
ZIP average, outlier-cleaned · 47 recorded sales of this use type
Observed band · Q1–Q3$18 – $104

Cap rate analysis

How does the asset earn?
2,602,161.11%
$468k 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?
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: Plumbing Service
Demand index
Plumbing Service9.5
Tailor Shop9.4
Catering Service8.7

Location

303 N Main St Rockford, IL 61101
County assessor Recorded deeds · 9 transfers 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

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
401 State, Rockford, IL 61101-1248 $2,000,000 Jan 2025 39,058 SF
43rd W State, Rockford, IL 61101 $130,000 Nov 2023 15,528 SF
331 State, Rockford, IL 61101 $585,000 Aug 2022 19,760 SF
116 Church, Rockford, IL 61101 $585,000 Aug 2022 18,612 SF
213 State, Rockford, IL 61101 $162,500 May 2022 11,770 SF
124 Wyman, Rockford, IL 61101 $4,225,000 Nov 2019 77,936 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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