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510 E State Street Rockford, IL $ 685,000
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510 E State Street
$ 685,000
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510 E State Street

Rockford, IL, 61104
$ 685,000
Bedrooms-- Baths-- Sq 7,822

Monthly Estimate*

$ 4,731

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Commercial Property for sale in Rockford, IL

for $685,000. This 7,822 square foot building was built in 1900 on a lot size of 0.10101.

Rare Downtown Investment Opportunity: Historic Income-Producing Live/Work Asset in Rockford's Block 5 Price: $685,000 Own a commanding piece of local history with this masterfully restored 1900 urban commercial property, perfectly situated in the absolute heart of Downtown Rockford's vibrant "Block 5." Combining exceptional architectural character with modern, high-yield revenue streams, this versatile property offers an incredible live/work setup or a turnkey addition to your investment portfolio. The property is even available fully furnished, allowing you to step right into an active, lucrative operation from day one. Property Highlights Prime "Block 5" Location: Enjoy maximum foot traffic and high visibility in Rockford's most dynamic downtown district, surrounded by popular dining, shopping, and entertainment. Turnkey Airbnb Revenue: Includes 2 visually stunning apartments actively operating as high-income-producing short-term rentals. Both spaces feature premium finishes and rave guest reviews. Magnificent Owners' Loft: A unique, expansive loft space boasting classic urban character, soaring ceilings, and original historic details. Premium Urban Amenities: A rare large back deck perfect for private relaxation or entertaining, plus a coveted 2-car detached garage-a massive premium for downtown living. Commercial Component The street-level commercial space anchors the building with historic brickwork, large display windows, and an open layout adaptable to a boutique retail shop, high-end salon, professional offices, or a trendy cafe. Tap into the energy of downtown's revitalized core and draw in both local regulars and weekend travelers. Residential Living & Luxury Short-Term Rentals The Loft: An architectural masterpiece featuring a seamless blend of historic grit and modern luxury. Perfect for an owner-occupant or a premium executive rental. The Apartments: Meticulously designed with high-end aesthetics, these two units are fully optimized for short-term rentals. They consistently attract top-tier nightly rates from traveling professionals, weekend tourists, and event-goers. Property Specifications Year Built: 1900 (Beautifully restored and modernized) Parking: 2-car garage + ample district parking Outdoor Space: Expansive rear deck Inclusions: Possibility of purchasing completely furnished (negotiable) Don't miss this incredibly rare chance to own a high-performing asset where historic charm meets modern profitability. Schedule your private tour today to experience Block 5's premier mixed-use listing.

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Commercial Active

Price

$ 685,000

Property Type

Commercial

Taxes

$ 7,070

Style

Automotive

Lot Size

0.10101

Year Built

1900

Town/City

Rockford

County/Region

Winnebago

MLS | Web ID

12774657
Features
General
Cooling Central Air
Zoning COMMR
Construction Materials Brick
Year Built 1900
Electric Circuit Breakers
Stories Count 2
Property Subtype Business
Tax Year 2025
Current Use Automotive
Gross Income 0
County Winnebago
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status Active
Directions East on State Street to Downtown Rockford
City Rockford
Number Of Units Total 3
MLS Area Rockford
Lot Size Square Feet 4400
Tax Annual Amount 7070
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Standard Status Active
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Interior
Total Fireplaces 1
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Exterior
Building Area Total 7822
Lot Dimensions 44 X 100 X 44 X 100
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* Excluded Features
List By
Keller Williams Realty Signature

Broker

maureenmccarty5@gmail.com

Email

Affordability Calculator

$5,320
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,731
Monthly Property Taxes
$589
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/7/2026$685,000 Listed Price

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510 E State Street, Rockford, IL, 61104 is a Commercial Property for sale at $685,000 with 7,822 sqft and a lot size of 0.10101. 510 E State Street was built in 1900. The property's zip code is 61104 which is in Rockford, IL

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