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    5880 E State St Rockford, IL 61108

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    For Lease
    $19 SF/Yr ($9,205 /Mo)

    Fully equipped bar and grill available for lease assignment.

    Property size:
    5,551 SF
    Lot size:
    13.82 Acres

    Property Features for 5880 E State St

    General Information

    Size
    5,551 SF
    Lot size
    13.82 Acres

    Source: GAMBINO REALTORS-Rkfd Agent Jennifer Berry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Bar & Grill Opportunity

    A turnkey bar and grill opportunity is available under a lease assignment agreement. Known as Oscar’s Bar & Grill, this local establishment features a fully equipped commercial kitchen with all fixtures, fittings, and appliances included. The property includes a licensed gaming area with video gaming machines for additional revenue. A full-service bar is present, complete with taps, coolers, and a POS system. The spacious dining and lounge area is equipped with TVs and a sound system. The property, with a size of 5,551 square feet, benefits from an established clientele and a local reputation. It offers excellent visibility and parking. This is a chance to take over a fully functional bar and grill.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Valli Produce Produce Market Fajitas Factory Restaurant BMO - ATM Atm Vigo Money Transfer Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Dental Office Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Secrets of Rockford, Village Wine Bar, Olive Garden Italian Restaurant, Oscar's Pub & Grill, Stone Eagle Tavern

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.0019091
    Latitude
    42.2684073

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    FAQs

    What type of property is this?
    Bar - Fully equipped bar and grill available for lease assignment.
    Where is this bar located?
    The property is located at 5880 E State St Rockford, IL.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Turnkey bar and grill opportunity with immediate operational readiness.; - Lease assignment provides an affordable entry point compared to starting from scratch.; - Fully equipped commercial kitchen, bar, and dining area included in the sale.
    (815) 871-6156
    Request Owner's contact information
    5880 E State St Rockford, IL 61108
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    Rockford, IL 61108
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5880 E State St Rockford, IL 61108
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