Rockford, IL
Commercial Real Estate Market Trends & Data

$180 Avg asking sale price
$385 Avg asking lease rate
108,089 SF Avg unit lease size
47,397 SF Avg building size for sale
8.03% Average cap rate

Rockford's Demographic Profile

Rockford has 60,489 households and a median income of $46,532, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 149,127
# Households 60,489
Median age 38
Median household income $46,532
Avg household size 2.0
Renter-occupied housing units 28,403
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Rockford, IL

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Rockford $328 47,064 SF
Loves Park $179 6,965 SF
Machesney Park $179 3,776 SF
Cherry Valley $1,065 41,381 SF
Winnebago $327 19,850 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Marengo $128 54,840 SF 8.01%
Sycamore $151 5,184 SF 8.33%

Commercial Properties For Sale in Rockford

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Springfield Corners

Rockford, IL 61102

  • 45 AC Lot
  • 1 Commercial Lot
  • $1,800,000
For Sale

1516 Lyford Rd

Rockford, IL 61107

  • 16 AC Lot
  • 1 Commercial Lot
  • $355,000
For Sale

1025 School St

Rockford, IL 61101

  • 35,326 SF Industrial Building
  • $1,000,000
For Sale

1221-1241 Sandy Hollow Rd

Rockford, IL 61109

  • 52,139 SF Retail Building
  • 8.53% Cap Rate
  • $2,995,000
For Sale

402 E State St

Rockford, IL 61104

  • 12,786 SF Retail Building
  • $720,000
For Sale

Downtown Rockford, IL Specialty/Redevelopment

Rockford, IL 61103

  • 100,734 SF Specialty
  • $995,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Rockford pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Rockford $180 47,397 SF
Loves Park $169 27,251 SF
Machesney Park $190 33,300 SF
Cherry Valley $559 699,350 SF
Winnebago $327 19,850 SF

Regional Demographic Comparison

This comparison places Rockford alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Rockford or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Rockford 149,127 60,489 38 $46,532 2 28,403 -1%
Loves Park 23,161 10,113 42 $58,125 2 3,356 -1%
Machesney Park 22,754 9,067 41 $66,855 2 2,181 -1%
Cherry Valley 3,039 1,304 50 $76,843 2 241 -1%
Winnebago 2,691 1,065 43 $83,251 3 164 -4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Rockford, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Rockford

View All Commercial Real Estate For Sale in Rockford
Is Rockford a good market for a first-time commercial real estate investor?

Rockford offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Rockford?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Rockford. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Rockford?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Rockford. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Rockford compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Rockford. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Rockford acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Rockford, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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