3720 E. State Street

Rockford, Illinois 61108

Sara Brondyke

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Square Footage

Property Type
Retail Store

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

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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.

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