921 W State St - Schools FOR SALE


Rockford, IL 61102- River District
$305,000 USD
815-703-6677
921 W State St, Rockford, IL for Sale
$305,000 USD
Schools - FOR SALE
1/25
null | Request Cap Rate

921 W State St
Rockford, IL 61102
River District


OVERVIEW

FOR SALE: Redevelopment Opportunity – Former School Building with Significant Upside 921 W State St, Rockford | 31,103 SF | 84,867 SF | Zoning: C1 Priced to Reflect Condition – Bring Your Vision! This former school building presents a rare opportunity for developers, investors, or community-minded buyers to reimagine a substantial structure with solid bones in need of full renovation. Offering expansive square footage and situated on a generous parcel of land, this property is ideal for those seeking to repurpose or redevelop a legacy institutional space into multi-family housing, community center, o ice, creative space, or other adaptive reuse. Property Highlights: 31,103 SF school building on 1.95 acres of land Multiple classrooms, o ices, restrooms, and common areas Solid structure with brick and stone construction Large lot allows for expansion, parking, or outdoor amenities Consists of 4 PINS (11-22-256-004, 11-22-256-008, 11-22-256-005, 11-22-256-009) Zoned C1 – potential for mixed-use or residential conversion (verify with municipality) Condition Note: This is a distressed property requiring significant repairs and upgrades throughout, including roof, mechanicals, and interior finishes. Sold AS-IS. Buyer to verify all measurements, zoning, and redevelopment feasibility. This is an ideal canvas for those with the foresight and resources to transform a once-active school into a thriving new chapter. Seize this value-add opportunity at a price that reflects the work required. Contact Tom Ewing today for details or to schedule a private tour.

FOR SALE DETAILS

PRICE

$305,000 USD

PRICE/SF

$9 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

1.97 AC

LAND SF

85,813 SF

ZONING

C2

APN/PARCEL ID

11-22-256-004,11-22-256-005,11-22-256-008,11-22-256-009

ASK ABOUT THIS PROPERTY

Thomas EwingGambino Realtors - Commercial DivisionMore Info
815-703-6677

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Thomas EwingGambino Realtors - Commercial DivisionMore Info
815-703-6677

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