3720 E. State Street Rockford, IL 61108

$1,850,000
3720 E. State Street, Rockford, IL 61108
Call 1-800-839-1363
09585798

Commercial Property for sale in Rockford, IL

for $1,850,000. This 75,000 square foot building was built on a lot size of 5.25 ACRES.

Property Information

  • $1,850,000
  • Commercial
  • 75,000 Square Feet
  • Taxes are $29,557
  • Retail
  • Active
  • 1 Floors
  • Lot size of 5.25 ACRES
  • Rockford, IL
  • East Rockford Neighborhood
  • Winnebago County
  • MLS/Web ID is 09585798

Description

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.

Interior 3

Appliances

  • Fire Alarm
  • Fire Extinquisher

Cooling System

  • Central Air

Heating System

  • Central Heat
  • Gas

Exterior 3

Construction

  • Brick
  • Concrete Block

Exterior

  • Drive in Doors

Road Frontage

  • City Street
  • Signal Intersection

Miscellaneous 2

Commercial

  • Dock - Exterior
  • Wet Sprinkler System

Location

  • Business District

Rental 1

Tenant Pays

  • Air Conditioning
  • Common Area Maintenance
  • Electric
  • Heating
  • Insurance
  • Janitorial
  • Other Expenses
  • Real Property Taxes

† Excluded Feature

Listed By

Broker: DENIS VUJASINOVIC

3720 E. State Street , Rockford, IL, 61108 is a Commercial Property for sale at $1,850,000 with 75,000 sqft and a lot size of 5.25 ACRES. 3720 E. State Street has 0.0 baths. The property's zip code is 61108 which is in Rockford, IL

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Pricing History

Date Price Price Change Description
6/23/2017 $1,850,000 -7.27 % Price Change
6/23/2017 $1,995,000 Price Change
4/5/2017 $1,995,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Rockford $280,325 85 % below $152,450 92 % below
Commerical listings in Rockford $775,198 58 % below $449,900 76 % below

Get the facts about Rockford, IL!

Population 147,526
Population Growth (since 2000) -4 %
Median Income $38,964
Median Age 37.11
Households w/ Children 29 %

Residential Dwellings

  • Owned 34309
  • Vacant 6130
  • Rented 23651

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