3800 E. State Street FOR SALE


Rockford, IL - East Rockford
$4,000,000 USD
815-218-3438
, Rockford, IL for Sale
$4,000,000 USD
FOR SALE
1/4
null | 9.46% Cap Rate

3800 E. State Street
Rockford, IL
East Rockford


HIGHLIGHTS

  • Healthy combination of long time tenants and new arrivals as well as national brands partnered with locally based businesses
  • With E. State Streets growth now reaching I-90 to the east, new demand is shifting back west with tenants infilling openings in established centers
  • Starting at 9.46%, 3800 – 4010 is expected to see NOI return climb to just under 15% during the projected 5-year holding period.
  • The area enjoys a highly skilled workforce with concentrations in aerospace engineering and design, healthcare, logistics/distribution and more!
  • 2024 (latest data available) reached a record breaking $523.4 MM in visitor spending with preliminary 2025 data indicating another record year

OVERVIEW

Located on the Miracle Mile section of Rockford’s dominant retail corridor, 3800 – 4010 E. State St. Shopping Center is an iconic shopping center that has been a well known gathering point since its construction in the 1960’s. A long time home for many local businesses, the center has received interest from national brands in recent years, including CSL Plasma in 2017, The Salvation Army in 2019, and for 5 years served as the Amazon hiring facility until it consolidated this function into its latest distribution center in mid 2025. The free-standing Subway and On State restaurants continue to bring traffic to the center’s front door, and being located just to the east of Rockford’s primary DMV, provides a steady flow of visitors to the immediate area. 3800 – 4010 E. State St. is poised to begin its next phase of management and development and offers an exceptional opportunity for an engaged, hands on owner seeking significant upside

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.