402 E State St - Retail FOR SALE


Rockford, IL 61104- Downtown Rockford
$720,000 USD
312-838-8873
402 E State St, Rockford, IL for Sale
$720,000 USD
Retail - FOR SALE
1/20
null | Request Cap Rate

402 E State St
Rockford, IL 61104
Downtown Rockford


HIGHLIGHTS

  • 12,000 SF Mixed-Use Investment Property + 4,000 SF Basement
  • Long-Term Occupancy History with Established Local Tenants
  • Downtown Rockford Mixed-Use Investment Opportunity
  • Elevator-Served Building with 3-Phase Electrical Service
  • Below-Market Rents Create Future Income Growth Potential

OVERVIEW

12,000 SF mixed-use investment property plus 4,000 SF basement Three-story elevator-served building in Downtown Rockford Long-term occupancy history with stable in-place tenancy Rockford Art Deli occupies first and second floors (approximately 8,000 SF) Kariss Photo Studio occupies third floor (approximately 4,000 SF) Tenants currently operating on month-to-month agreements, providing future leasing flexibility Newly resealed roof as of May 2026 Updated gas and electrical infrastructure completed approximately 12 years ago 3-phase electrical service Separate gas meters for each floor Opportunity to increase income through future rent adjustments as current rents are below market Located along East State Street in Downtown Rockford near restaurants, retail, entertainment, and redevelopment projects Ideal for investors seeking stable cash flow with value-add potential

FOR SALE DETAILS

PRICE

$720,000 USD

PRICE/SF

$56 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1901

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C-4

APN/PARCEL ID

11-23-386-010

ASK ABOUT THIS PROPERTY

Dakota Nilson@properties CommercialMore Info
312-838-8873

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Dakota Nilson@properties CommercialMore Info
312-838-8873

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