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Property profile & analytics

406 Main St Rockford, IL 61103-6819

  • Specialty properties
  • 46,227 SF
OFF-MARKET
Last Sale
Dec 20, 2024
$235,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-2509749
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Kantorei / Performing Arts Theater
  • Solee Music Studio / Music School

Property Details for 406 Main St

Year built
1903
Construction
WOOD
Property size
46,227 SF
Zone code
C4
Property type
Specialty properties
APN
11-23-177-015
APU
1123177015

Description

This exceptional redevelopment opportunity presents a unique chance to acquire a substantial mixed-use property situated in the heart of Rockford, Illinois. The property, encompassing 46,227 square feet, consists of a three-story building constructed in 1903 and situated on a 28,054 square foot lot. Currently vacant, this Class D property offers significant potential for adaptive reuse. Previously utilized as an executive office space and a church/performing arts center, the building's versatile layout and substantial size allow for a wide range of redevelopment possibilities. The property is zoned C4, providing flexibility for various commercial ventures. The asking price is $300,000, translating to $6.49 per square foot. Key features include a large parking lot, a prominent LED message center, and a highly desirable location near shopping, entertainment, and dining options. The property's rich history and prime location in Rockford, combined with its substantial size and flexible zoning, make it an attractive investment for developers seeking a high-impact project. The APN numbers are 11-23-177-013 and 11-23-177-015. This is a truly one-of-a-kind opportunity to revitalize a historic landmark in a thriving Illinois city.


Value Estimations

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  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Rockford
County
Winnebago
State
Illinois
Longitude
-89.0925
Latitude
42.2746
CBSA code
40420
CBSA name
ROCKFORD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,346
$26,991
$72,646
$99,637
-
$80,973
$217,938
$298,911
More about this property
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