Financial
Distress signals
Property profile

6904 Argus Dr Rockford, IL 61107

FOR SALE
Other commercial real estate
Property ID
US28-2309879
4,907 SF 1.23 ac lot Built 2001
Last sale Nov 2022 · $2,450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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6904 Argus Dr, Rockford, IL 61107 For Sale
$1,500,000 4,907 SF
6904 Argus Dr, Rockford, IL 61107
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Property summary

AI-generated overview

This property is a freestanding, former restaurant building totaling 4,886 square feet, situated on a 1.22± acre parcel and configured for restaurant use. The site is positioned along a retail-oriented commercial corridor and is surrounded by a mix of major national retailers and other consumer-oriented businesses, with nearby tenants including The Home Depot, Lowe’s, Best Buy, Chick-fil-A, Sam’s Club, Planet Fitness, Aldi, and Target. The space is presented as a restaurant environment and also

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.

Mortgages

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?
$38k
Tax billed · 2023
Assessed value$365k
Assessed land$165k
Assessed improvement$200k
Effective rate10.38%

Value estimate

· Sep 2026
$2.27M
$2.04M – $2.50M
AI approach$2.20M
NOI build-up
Gross scheduled income$94k
Vacancy & credit loss−$3k
Operating expenses−$23k
NOI · 4.55% cap applied$68k

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

Recently sold

What actually traded nearby?
$75/SF
ZIP average, outlier-cleaned · 43 recorded sales of this use type
Observed band · Q1–Q3$35 – $135
Qualifying comparables5

Cap rate analysis

How does the asset earn?
4.55%
$68k 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?
C2
The purpose of the C-2, Limited Commercial district is to provide a wide range of development options for the retail sale of goods and fo...
General categoryCOMMERCIAL
JurisdictionWINNEBAGO

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply13.7
Kitchen & Bath13.6
Storage Facility13.4

Location

6904 Argus Dr Rockford, IL 61107
County assessor Recorded deeds · 3 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
620 Market, Rockford, IL 61107-4034 $200,000 Jun 2025 3,838 SF
610 Market, Rockford, IL 61107-4034 $90,000 Nov 2024 5,550 SF
1631 Rural, Rockford, IL 61107-3167 $262,000 Apr 2024 3,566 SF
310 5th, Rockford, IL 61107-4024 $135,000 Mar 2024 6,485 SF
4304 Maray, Rockford, IL 61107-4966 $280,000 May 2023 4,472 SF
4224 Maray, Rockford, IL 61107-4964 $295,000 Sep 2022 5,308 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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