Active

3720 E. State Street

Rockford, Illinois 61108


Sara Brondyke
312.882.4383

Request More Info

$1,850,000


Square Footage
75,000
Sara Brondyke
312.882.4383
Email me
Property Type
Retail Store
Neighborhood
Rockford


This 75,000SF multi-unit Shopping Center located on East State Street (main thoroughfare in Rockford with traffic counts in excess of 30,000 VPD) is being offered for sale far below replacement cost at $23/SF. Rockford Central DMV recently signed a 10 Year Lease making the Rockford Shopping Center their central location for the City. The Center is currently 10% occupied - carrying and operating expenses are covered by actual rental income in place. Variety unit sizes and layouts ranging from 10,000 - 68,500 SF are available for immediate lease-up. With its historically high occupancy rates the Rockford Shopping Center in its current vacancy state provides a tremendous value-add investment opportunity with abundant upside potential. Excellent for owner/user/investor. Excellent visibility and exposure on traffic-heavy East State Street with multi points of ingress/egress and a 4-way signalized entrance into the Shopping Center.



Full Features
Built: 1975
Cooling System: Central Individual
Stories: 1
Potential Use: Commercial, Office and Research, Retail, Elderly Housing, Single Room Occupancy
Zoning: RTAIL
Rentable Square Feet: 60,000
Building Square Feet: 75,000


Taxes & Assessments
Taxes: $29,557

Listing Office: Denis Vujasinovic

broker reciprocity

Disclaimer: The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of Midwest Real Estate Data, LLC. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers.


Rockford

No information found for Rockford

Learn More


Nearby Public Transportation

No Nearby Public Transportation Found






3720 E. State Street Rockford, Illinois 61108 is a retail store property, currently listed at $1,850,000. Want to learn more about 3720 E. State Street Rockford, Illinois 61108? Contact an @properties agent to request more info.


© 2017 Midwest Real Estate Data, LLC. All Rights Reserved. The accuracy of all information regardless of source including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.