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Former Bank Property For Lease
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4048 E State St, Rockford, IL 61108

High-visibility commercial space in a thriving location.

Days on Market778

Property Features for 4048 E State St

General Information

Standard status Active
Property subtype Retail, Office

Building Details

Year Built 1970
Listing Agency: Bryant Commercial Group
Listed By: Nathan Bryant · License #IL 471.013468
Source: Crexi
Added: Jun 13, 2024 Changed: Jul 6 Last Checked: Jul 30 at 9:54AM

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 Bryant Commercial Group

Investment Insights

Based on property information with market context.

This former bank property presents a leasing opportunity in a sought-after location, offering high visibility and access suitable for various commercial ventures. Situated within a thriving commercial corridor, the property benefits from a vibrant economic environment, surrounded by a mix of retail, dining, and service businesses. The main level features a spacious lobby, a vault, a teller line, a drive-thru, offices, and a conference room. This property offers an excellent foundation for business success.

Key Highlights

  • High visibility and access in a sought‑after location.
  • Former bank property with existing vault, teller line, and drive‑thru.
  • Spacious lobby, offices, and conference room** on the main level.

Property Analytics

Current Use

Letourneau & Cleland Ltd Accounting Firm

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply Kitchen & Bath Showroom Restaurant Storage Facility

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

Lease Details

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

730
Businesses Nearby

Demographics for 61108, IL

29,660
Population
12,650
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
87%
High-School Grad
10.9 sq mi
ZIP Area
2,721
Density / Sq Mi
$63,046
Median Household Income
$34,856
Median Earnings
$986
Median Rent
$128,300
Median Home Value

Market

Properties on Market for Retail properties & Spaces in Rockford

Jan
Feb
Mar
Apr
May
Jun

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail property - High-visibility commercial space in a thriving location.
Where is this retail property located?
The property is located at 4048 E State St Rockford, IL.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: High visibility and access in a sought‑after location.; Former bank property with **existing vault, teller line, and drive‑thru**.; Spacious lobby, offices, and conference room** on the main level.
(815) 218-1371 Call to check price and availability
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