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Two-Story Mixed-Use Building
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308-310 E State Street, Rockford, IL 61104

Ground-floor restaurant tenancy accompanies two upper-level apartments ready for renovation.

Property SizeContact for details
Days on Market174

Property Features for 308-310 E State Street

General Information

Standard status Active
Property subtype Multifamily

Building Details

Year Built 1879
Listing Agency: Key Realty
Listed By: Jorge Da Silva · License #475181452
Source: Crexi
Added: Mar 12 Changed: Aug 31 Last Checked: Aug 30 at 10:35AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Key Realty

Investment Insights

Based on property information with market context.

This 3,600+ square foot, two-story mixed-use building was constructed in 1879 and combines commercial and residential components. The main level is leased to Jimmy John's, while the upper floor contains two apartment units requiring renovation. High ceilings, skylights, and substantial natural light are existing features of the residential space.

The property is located at 308-310 E State Street in downtown Rockford, with frontage along East State Street. A public parking lot is positioned beside and behind the building, supporting access for the commercial tenant and future apartment occupants. Restaurants, shops, and entertainment venues are located in the surrounding downtown area, which also includes ongoing development activity.

Key Highlights

  • 3,600+ square foot, two‑story mixed‑use building
  • Main floor leased to Jimmy John's
  • Two second‑floor apartment units ready for renovation

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Plumbing Service (Bike/Boat/Book/etc) Store Home Appliance Store Catering Service Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,656
Businesses Nearby

Demographics for 61104, IL

17,354
Population
9,253
Households
1.9
Avg Household Size
32
Median Age
9%
College-Educated
75%
High-School Grad
4.5 sq mi
ZIP Area
3,856
Density / Sq Mi
$32,161
Median Household Income
$26,277
Median Earnings
$854
Median Rent
$83,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor restaurant tenancy accompanies two upper-level apartments ready for renovation.
Where is this mixed-use property located?
The property is located at 308-310 E State Street Rockford, IL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 3,600+ square foot, two‑story mixed‑use building; Main floor leased to Jimmy John's; Two second‑floor apartment units ready for renovation
(815) 979-7559 Call to check price and availability
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