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    402 E State St Rockford, IL 61104

    For Sale
    $699,000

    Retail space with long-term tenants in a prime location.

    Property size:
    12,786 SF
    Lot size:
    0.10 Acres

    Property Features for 402 E State St

    General Information

    Size
    12,786 SF
    Lot size
    0.10 Acres

    Source: Emerald Realty Group Agent Maureen McCarty

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

    Overview

    River District Retail Space

    This retail space is located in the River District and features wood and retro tile flooring on the main floor, along with a decorative wood wall. A glass garage door is located on the front of the building. The first and second floors are currently rented by a successful long-term business. The third floor is rented as an artist studio. A service elevator provides access to all floors. The property has a size of 12786 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rockford Art Deli Boutique Pirate Ninja Print ... Graphic Designer Stay Rad Clothing Store Car's Cash For Junk ... Junk Dealer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.0884699
    Latitude
    42.2683804

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    FAQs

    What type of property is this?
    Retail space - Retail space with long-term tenants in a prime location.
    Where is this retail space located?
    The property is located at 402 E State St Rockford, IL.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Prime River District location.; - Main floor retail space with unique features like wood and retro tile flooring, decorative wood wall, and a glass garage door.; - Fully rented building providing immediate income.
    (815) 262-7837
    Request Owner's contact information
    402 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
    402 E State St Rockford, IL 61104
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