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    1021-1017 E State St Rockford, IL 61104

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    For Sale
    $250,000

    Two adjacent properties with storefront, restaurant, retail, and parking.

    Property size:
    6,309 SF
    Lot size:
    0.36 Acres

    Property Features for 1021-1017 E State St

    General Information

    Size
    6,309 SF
    Lot size
    0.36 Acres

    Source: Keller Williams Realty Signature LP Agent Toni Vander Heyden

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

    Overview

    Rockford Commercial Properties on State

    Located in Rockford, Illinois, the properties at 1017 and 1021 E State Street offer potential for investors and businesses. These adjacent sites are situated in a bustling area, ensuring high visibility and accessibility with a traffic count of an average of 27,300 per day. The properties include a 13-stall parking lot. 1017 E State Street is a 1200-square-foot storefront that previously held a print shop. It includes a 360-square-foot storefront area and an 800-square-foot storage space in the rear. 1021 E State Street is a 5,000-square-foot building that has two units. One unit was previously a restaurant, and the other side was a retail spot that could also be used as an office. The combined offering of these properties presents an opportunity to establish a presence in a dynamic commercial district, with the flexibility to adapt the spaces to various business needs. The total property size is 6309 square feet.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Similar Places Nearby

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    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.0810167
    Latitude
    42.266649

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    FAQs

    What type of property is this?
    Storefront property - Two adjacent properties with storefront, restaurant, retail, and parking.
    Where is this storefront property located?
    The property is located at 1021-1017 E State St Rockford, IL.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Prominent location in the heart of Rockford, Illinois.; - High visibility and accessibility with a traffic count of 27,300 per day.; - Combined offering of two adjacent properties (1017 and 1021 E State Street).
    (815) 985-6311
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    1021-1017 E State St Rockford, IL 61104
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    Rockford, IL 61104
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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
    1021-1017 E State St Rockford, IL 61104
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