6280 E State St - Storefront FOR SALE


Rockford, IL 61108- East Rockford
$5,389,000 USD
847-345-2827
6280 E State St, Rockford, IL for Sale
$5,389,000 USD
Storefront - FOR SALE
1/3
null | 7.75% Cap Rate

6280 E State St
Rockford, IL 61108
East Rockford


HIGHLIGHTS

  • Fully Occupied Strip: 100% occupied four-tenant retail building
  • Long-Term Leases: ~7 years of WALT
  • Shopping Center Outparcel: Pad to State Street Market, a 193K SF shopping center anchored by Schnucks, Burlington, and PetSmart
  • Attractive Basis: Low price per foot ($217.30)
  • Tenancy Momentum: Three of the four tenants signed leases since 2024, demonstrating recent dedication to the location
  • Affluent Submarket: $106,000 average household incomes within a 3-mile radius of the subject property

OVERVIEW

Fully occupied four-tenant retail strip center with excellent intrinsics – shopping center outparcel, long-term WALT (~7 years), & low price per foot ($217). The subject property is located on E State Street, the primary East/West retail thoroughfare in Rockford exposed to ~30,000 VPD. It serves as an outparcel to State Street Market, a 193K SF shopping center directly adjacent to Rockford Crossings – a 300K SF Target-anchored shopping center – and across the street from Forest Plaza – a 435K SF Kohl’s-anchored shopping center.

FOR SALE DETAILS

PRICE

$5,389,000 USD

PRICE/SF

$217 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Restaurant, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ben UdellCPP CRE ILLINOIS, LLCMore Info
847-345-2827

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Ben UdellCPP CRE ILLINOIS, LLCMore Info
847-345-2827

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