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402 E State St
Rockford, IL 61104
Commerce de détail Propriété À vendre
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Faits saillants de l'investissement
- 12,000 SF Mixed-Use Investment Property + 4,000 SF Basement
- Downtown Rockford Mixed-Use Investment Opportunity
- Below-Market Rents Create Future Income Growth Potential
- Long-Term Occupancy History with Established Local Tenants
- Elevator-Served Building with 3-Phase Electrical Service
Résumé de l'annonce
12,000 SF mixed-use investment property plus 4,000 SF basement
Three-story elevator-served building in Downtown Rockford
Long-term occupancy history with stable in-place tenancy
Rockford Art Deli occupies first and second floors (approximately 8,000 SF)
Kariss Photo Studio occupies third floor (approximately 4,000 SF)
Tenants currently operating on month-to-month agreements, providing future leasing flexibility
Newly resealed roof as of May 2026
Updated gas and electrical infrastructure completed approximately 12 years ago
3-phase electrical service
Separate gas meters for each floor
Opportunity to increase income through future rent adjustments as current rents are below market
Located along East State Street in Downtown Rockford near restaurants, retail, entertainment, and redevelopment projects
Ideal for investors seeking stable cash flow with value-add potential
Three-story elevator-served building in Downtown Rockford
Long-term occupancy history with stable in-place tenancy
Rockford Art Deli occupies first and second floors (approximately 8,000 SF)
Kariss Photo Studio occupies third floor (approximately 4,000 SF)
Tenants currently operating on month-to-month agreements, providing future leasing flexibility
Newly resealed roof as of May 2026
Updated gas and electrical infrastructure completed approximately 12 years ago
3-phase electrical service
Separate gas meters for each floor
Opportunity to increase income through future rent adjustments as current rents are below market
Located along East State Street in Downtown Rockford near restaurants, retail, entertainment, and redevelopment projects
Ideal for investors seeking stable cash flow with value-add potential
Faits sur la propriété
Type de vente
Investissement ou propriétaire utilisateur
Type de propriété
Taille du bâtiment
12 786 pi²
Classe d’immeuble
C
Année de construction
1901
Prix
1 000 994 $ CAD
Prix par pi²
78,29 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
3 étages
Coefficient d’occupation des sols de l’immeuble
2,94
Taille du lot
0,10 AC
Zonage
C-4 - Zoning: C-4 (Central Business District / Downtown Commercial)
Façade
Commodités
- Puits de lumière
Impôts fonciers
| Numéro de lot | 11-23-386-010 | Évaluation des bâtiments | 99 645 $ CAD |
| Évaluation du terrain | 10 378 $ CAD | Évaluation totale | 110 023 $ CAD |
Impôts fonciers
Numéro de lot
11-23-386-010
Évaluation du terrain
10 378 $ CAD
Évaluation des bâtiments
99 645 $ CAD
Évaluation totale
110 023 $ CAD
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