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3600 E State St
Rockford, IL 61108
Retail Property For Sale
Investment Highlights
- Prominent identity and signage exposure along one of Rockford's primary commercial thoroughfares
- Large land parcel providing strong frontage and visibility
- Excellent accessibility and multiple points of ingress/egress
- Opportunity for investors seeking a value-add retail asset in a proven commercial location
- Surrounded by national retailers, restaurants, and service-oriented businesses
- 363 parking spaces (3.24 spaces per 1,000 SF)
Executive Summary
Positioned at the highly visible intersection of E. State Street (US Route 20) and Mulford Road in Rockford, Illinois, this 111,982 SF neighborhood shopping center presents an exceptional investment opportunity offered at $4,400,000. The property is currently 91% occupied with 53 stores/offices and a diverse tenant mix featuring national and regional retailers, service providers, and restaurants. Situated on a prominent signalized corner with strong daily traffic counts exceeding 20,000 vehicles along E. State Street and excellent accessibility, the asset benefits from established consumer demand and significant exposure. The center offers 363 parking spaces (3.24 spaces per 1,000 SF) and generates a current NOI of approximately $326,006, providing investors with stable cash flow and value-add potential in one of Rockford's primary retail corridors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
163,483 SF
Building Class
C
Year Built
1957
Price
$6,073,628 CAD
Price Per SF
$37.15 CAD
Cap Rate
7.41%
NOI
$450,056 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.47
Lot Size
8.00 AC
Zoning
C3
Parking
474 Spaces (4.44 Spaces per 1,000 SF Leased)
Frontage
645’ on E State St
Amenities
- Signalized Intersection
Property Taxes
| Parcel Number | 12-30-226-009 | Improvements Assessment | $1,279,087 CAD |
| Land Assessment | $653,238 CAD | Total Assessment | $1,932,325 CAD |
Property Taxes
Parcel Number
12-30-226-009
Land Assessment
$653,238 CAD
Improvements Assessment
$1,279,087 CAD
Total Assessment
$1,932,325 CAD
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