416 StateRockford, IL 61104

  • Office properties
  • 5,881 SF
Off market
$84,223 Estimated

Property Details for 416 State

Year built
1907
Construction
WOOD
Lot size
0.07 AC
Property size (Sq ft)
5,881 SF
Zone code
C4
Property type
Office properties
Property subtype
Other office properties
APN
11-23-386-015
APU
1123386015

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,061,884
    6.5%
    $980,201
    7%
    $910,187
  • Comparable approach

    Method
    Valuation
    Relative Method
    $597,058
    Geo Method
    $766,000
  • Alternative Use

    Use
    Valuation
    Residential
    $1,215,449
    Hospitality
    $1,113,345
    Educational
    $926,290
    Medical
    $958,146
    Retail
    $1,440,895
416 State, Rockford, Illinois

Location Insight

City
Rockford
County
Winnebago
State
Illinois
Latitude
42.2681
Longitude
-89.0879
CBSA code
40420
CBSA name
ROCKFORD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $64,580
  • Assessed land value
    $5,026
  • Assessed value
    $69,606
  • Tax year
    2023
  • Tax bill
    $7,227

FAQs

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