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Financial
Distress signals
Property profile

5880 E State St Rockford, IL 61107

FOR LEASE
Commercial real estate
Property ID
US28-2513983
217,520 SF 13.82 ac lot Built 1971
Entity Owned Owner of record is a legal entity (LLC / corporation). 14-yr Hold Held for 14 years. 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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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?
$298k
Tax billed · 2023
Assessed value$2.87M
Assessed land$537k
Assessed improvement$2.33M
Effective rate10.38%

Value estimate

· Oct 2026
$7.34M
$6.61M – $8.07M
Submarket $/SF estimate$6.56M
NOI build-up
Gross scheduled income$100k
Vacancy & credit loss−$3k
Operating expenses−$29k
NOI · 339,170.85% cap applied$67k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?
339,170.85%
$67k 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?
C3
The primary purpose of the C-3, General Commercial district is to accommodate a very broad range of business, service, and commercial uses
General categoryCOMMERCIAL
JurisdictionWINNEBAGO

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand index
Wholesale Shop14.8
Building Supply14.3
Parking Facility12.8

Location

5880 E State St Rockford, IL 61107
County assessor Recorded deeds · 4 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6950 Charles, Rockford, IL 61108 $3,300,000 Dec 2025 14,705 SF
4414 Charles, Rockford, IL 61108-6256 $200,000 Jul 2025 12,953 SF
6007 State, Rockford, IL 61108-2512 $58,000,000 May 2025 302,569 SF
6449 State, Rockford, IL 61108-2541 $58,000,000 May 2025 138,658 SF
6595 State, Rockford, IL 61108-2542 $5,550,000 Jan 2025 19,062 SF
7595 Walton, Rockford, IL 61108 $830,000 Jan 2025 111,078 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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