Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4215 E State St Rockford, IL 61108

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space with convenient parking and utilities included.

    Property size:
    740 SF
    Lot size:
    1.40 Acres

    Property Features for 4215 E State St

    General Information

    Size
    740 SF
    Lot size
    1.40 Acres

    We can help!

    Listing Contact
    Tracy Eastman, Ccim
    Source: Moodyscre

    Listing Agent: Tracy Eastman, Ccim

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

    Learn more

    Property Insight Report

    Overview

    Retail Space with Frontage Parking

    This 740-square-foot retail space is available for rent. The gross lease price includes CAMIT, with the tenant responsible only for utilities. The location offers convenient parking both in front and in back of the property. The property is located on E State St in Rockford, IL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Reel Pro Video Film Production Honeybees Transportation & Taxi ... Courier Service CoinFlip Bitcoin ATM Bank Fine Mindz Inc ... Theater & Performing Art Venue Limo Rockford Transfer ... Limousine Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.0342957
    Latitude
    42.2644273

    Nearby Similar for Lease

    • Contact for pricing

      Rockford Commercial Space For Lease

      Neighborhood strip center with flexible layouts for various businesses.
      6935 11Th St, Rockford, IL 61109
      View Details
    • Contact for pricing

      Rockford Commercial Space For Lease

      Prime location with flexible layouts for various businesses.
      6935 11Th St, Rockford, IL 61109
      View Details
    • Contact for pricing

      Rockford Commercial Space For Rent

      Neighborhood strip center with flexible layouts for various businesses.
      6935 11Th St, Rockford, IL 61109
      View Details
    • Contact for pricing

      Rockford Commercial Space For Rent

      Neighborhood strip center with flexible layouts for various businesses.
      6935 11Th St, Rockford, IL 61109
      View Details
    • Contact for pricing

      Rockford Commercial Space For Rent

      Neighborhood strip center with flexible layouts for various businesses.
      6935 11Th St, Rockford, IL 61109
      View Details
    • Contact for pricing
      5,511 SF

      Turnkey Bar & Grill Opportunity

      Fully equipped bar and grill available for lease assignment.
      5880 E State St, Rockford, IL 61108
      View Details
    • $17 SF/Yr

      Move-in Ready Dental Office Space

      Fully built-out dental office with six operatories for rent.
      1107 S Mulford Rd, Rockford, IL 61108
      View Details
    • Contact for pricing
      7,928 SF

      Class A Office Building

      Class A office building for lease in Rockford's retail corridor.
      6838 East State St, Rockford, IL 61108
      View Details
    • Contact for pricing
      23,000 SF

      Industrial Space with Office Options

      Industrial and office space available in Rockford, Illinois.
      5242 28Th Ave, Rockford, IL 61109
      View Details
    • Contact for pricing

      Retail Spaces in Prime Location

      Retail spaces for lease in Rockford's strongest retail area.
      6260-6380 E State St, Rockford, IL 61108
      View Details
    • $11 SF/Yr

      Rockford East Side Retail Center

      Retail and office spaces available in established Rockford shopping center.
      3600 East State St, Rockford, IL 61108
      View Details
    • $14 SF/Yr

      Rockford Retail/Office Space Available

      Retail and office units available in established neighborhood center.
      300-320 N Alpine Rd, Rockford, IL 61107
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with convenient parking and utilities included.
    Where is this retail space located?
    The property is located at 4215 E State St Rockford, IL.
    What are key features of this property?
    This property features: - Gross lease **includes CAMIT**, simplifying your budget.; - **Convenient location** with parking in front and in back.; - Tenant only pays utilities.
    (815) 979-4926 Call to check price and availability
    Request Owner's contact information
    4215 E State St Rockford, IL 61108
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4215 E State St
    Rockford, IL 61108
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    4215 E State St Rockford, IL 61108
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tracy Eastman, Ccim
    (815) 979-4926 (815) 877-5995 (815) 381-1120
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!