Log In/Sign Up
Your email has been sent.
3800 E. State Street 4 Properties Offered at $5,506,120 CAD in Rockford, IL
Investment Highlights
- Healthy combination of long time tenants and new arrivals as well as national brands partnered with locally based businesses
- Starting at 9.46%, 3800 – 4010 is expected to see NOI return climb to just under 15% during the projected 5-year holding period.
- 2024 (latest data available) reached a record breaking $523.4 MM in visitor spending with preliminary 2025 data indicating another record year
- With E. State Streets growth now reaching I-90 to the east, new demand is shifting back west with tenants infilling openings in established centers
- The area enjoys a highly skilled workforce with concentrations in aerospace engineering and design, healthcare, logistics/distribution and more!
Executive Summary
Located on the Miracle Mile section of Rockford’s dominant retail corridor, 3800 – 4010 E. State St. Shopping Center is an iconic shopping center that has been a well known gathering point since its construction in the 1960’s.
A long time home for many local businesses, the center has received interest from national brands in recent years, including CSL Plasma in 2017, The Salvation Army in 2019, and for 5 years served as the Amazon hiring facility until it consolidated this function into its latest distribution center in mid 2025. The free-standing Subway and On
State restaurants continue to bring traffic to the center’s front door, and being located just to the east of Rockford’s primary DMV, provides a steady flow of visitors to the immediate area.
3800 – 4010 E. State St. is poised to begin its next phase of management and development and offers an exceptional opportunity for an engaged, hands on owner seeking significant upside
A long time home for many local businesses, the center has received interest from national brands in recent years, including CSL Plasma in 2017, The Salvation Army in 2019, and for 5 years served as the Amazon hiring facility until it consolidated this function into its latest distribution center in mid 2025. The free-standing Subway and On
State restaurants continue to bring traffic to the center’s front door, and being located just to the east of Rockford’s primary DMV, provides a steady flow of visitors to the immediate area.
3800 – 4010 E. State St. is poised to begin its next phase of management and development and offers an exceptional opportunity for an engaged, hands on owner seeking significant upside
Property Facts
| Price | $5,506,120 CAD | Number of Properties | 4 |
| Price / SF | $42.17 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 9.46% | Total Building Size | 130,559 SF |
| Sale Type | Investment | Total Land Area | 7.35 AC |
| Status | Active |
| Price | $5,506,120 CAD |
| Price / SF | $42.17 CAD / SF |
| Cap Rate | 9.46% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 130,559 SF |
| Total Land Area | 7.35 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 4021 Morsay Dr, Rockford, IL 61107 | Office | 83,247 SF | 1968 | - |
| 3800 E State St, Rockford, IL 61108 | Retail | 40,892 SF | 1973 | - |
| 4002 E State St, Rockford, IL 61108 | Retail | 4,839 SF | 1900 | - |
| 3798 E State St, Rockford, IL 61108 | Retail | 1,581 SF | 1900 | - |
1 1
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
3800 E. State Street
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.