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Financial
Distress signals
Property profile

6280 E State St Rockford, IL 61107

FOR LEASE
Commercial real estate
Property ID
US28-1085215
25,000 SF Built 1996
Last sale Dec 2006 · $19,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 19-yr Hold Held for 19 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional Class A, single-story retail property, located at 6280 E State St, Rockford, IL 61108, presents a compelling investment opportunity. Boasting 24,800 square feet of net rentable space, the property is currently 85% occupied by three established tenants: Old Chicago, Boot Barn, and Sally Beauty. The property benefits from a strong 7.25% cap rate, generating a substantial net operating income (NOI) of $271,992. The asking price is $3,750,000, translating to $151.21 per square…

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

What does the county charge?
Assessed value · 2023$783k
Assessed land$282k
Assessed improvement$501k

Value estimate

· Oct 2026
$2.73M
$2.45M – $3.00M
Submarket $/SF estimate$1.79M

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?
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: Parking Facility
Demand index
Parking Facility10.3
Convenience Store9.1
Home Appliance Store8.2

Location

6280 E State St Rockford, IL 61107
County assessor Recorded deeds · 5 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
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
6367 State, Rockford, IL 61108-2540 $58,000,000 May 2025 9,725 SF
6325 State, Rockford, IL 61108-2540 $58,000,000 May 2025 9,018 SF
15th, Rockford, IL 61108 $1,500,000 Apr 2025 9,459 SF
6595 State, Rockford, IL 61108-2542 $5,550,000 Jan 2025 19,062 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?”
More about this property
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