2523 MeridianRockford, IL 61101

  • Office properties
  • 12,642 SF
Off market
$501,673 Estimated

Property Details for 2523 Meridian

Year built
1966
Construction
STEEL FRAME
Lot size
19.04 AC
Property size (Sq ft)
12,642 SF
Zone code
AGRICULTURAL
Property type
Office properties
Property subtype
Other office properties
APN
11-07-351-004
APU
1107351004

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,282,663
    6.5%
    $2,107,074
    7%
    $1,956,568
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,283,456
    Geo Method
    $1,646,620
  • Alternative Use

    Use
    Valuation
    Residential
    $2,612,771
    Hospitality
    $2,393,284
    Educational
    $1,991,185
    Medical
    $2,059,664
    Retail
    $3,097,398
2523 Meridian, Rockford, Illinois

Location Insight

City
Rockford
County
Winnebago
State
Illinois
Latitude
42.2964
Longitude
-89.1714
CBSA code
40420
CBSA name
ROCKFORD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $347,666
  • Assessed land value
    $66,940
  • Assessed value
    $414,606
  • Tax year
    2023
  • Tax bill
    $33,732

FAQs

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