3600 E State St - Storefront FOR SALE


Rockford, IL 61108- East Rockford
$4,400,000 USD
815-218-3438
3600 E State St, Rockford, IL for Sale
$4,400,000 USD
Storefront - FOR SALE
1/5
null | 7.41% Cap Rate

3600 E State St
Rockford, IL 61108
East Rockford


HIGHLIGHTS

  • Prominent identity and signage exposure along one of Rockford's primary commercial thoroughfares
  • Opportunity for investors seeking a value-add retail asset in a proven commercial location
  • Large land parcel providing strong frontage and visibility
  • Surrounded by national retailers, restaurants, and service-oriented businesses
  • Excellent accessibility and multiple points of ingress/egress
  • 363 parking spaces (3.24 spaces per 1,000 SF)

OVERVIEW

Positioned at the highly visible intersection of E. State Street (US Route 20) and Mulford Road in Rockford, Illinois, this 111,982 SF neighborhood shopping center presents an exceptional investment opportunity offered at $4,400,000. The property is currently 91% occupied with 53 stores/offices and a diverse tenant mix featuring national and regional retailers, service providers, and restaurants. Situated on a prominent signalized corner with strong daily traffic counts exceeding 20,000 vehicles along E. State Street and excellent accessibility, the asset benefits from established consumer demand and significant exposure. The center offers 363 parking spaces (3.24 spaces per 1,000 SF) and generates a current NOI of approximately $326,006, providing investors with stable cash flow and value-add potential in one of Rockford's primary retail corridors.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$27 USD /SF

CAP RATE

7.41%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

363

LAND DETAILS

LAND ACRES

9.26 AC

LAND SF

403,366 SF

ZONING

C3

APN/PARCEL ID

12-30-226-009

ASK ABOUT THIS PROPERTY

Karen WalshCBRE, Inc.More Info
815-218-3438

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Karen WalshCBRE, Inc.More Info
815-218-3438

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.