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3800 E. State Street 4 biens • À vendre 5 506 120 $ CAD • Rockford, IL
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Faits saillants de l'investissement
- 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!
Résumé de l'annonce
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
Faits sur la propriété
| Prix | 5 506 120 $ CAD | Nombre de propriétés | 4 |
| Prix/pi² | 42,17 $ CAD / pi² | Individuellement en vente | 0 |
| Taux de capitalisation | 9,46% | Taille totale du bâtiment | 130 559 pi² |
| Type de vente | Investissement | Superficie totale du terrain | 7,35 AC |
| Statut | Actif |
| Prix | 5 506 120 $ CAD |
| Prix/pi² | 42,17 $ CAD / pi² |
| Taux de capitalisation | 9,46% |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 4 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 130 559 pi² |
| Superficie totale du terrain | 7,35 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
| 4021 Morsay Dr, Rockford, IL 61107 | Bureau | 83 247 pi² | 1968 | - |
| 3800 E State St, Rockford, IL 61108 | Commerce de détail | 40 892 pi² | 1973 | - |
| 4002 E State St, Rockford, IL 61108 | Commerce de détail | 4 839 pi² | 1900 | - |
| 3798 E State St, Rockford, IL 61108 | Commerce de détail | 1 581 pi² | 1900 | - |
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