Renovated Shopping
For Sale
Contact for pricing
Pending
7029 - 7143 E State St, Rockford, IL 61108
Fully leased retail center with prominent pylon signage and substantial surface parking.
Property Size110,725 SF
Days on Market141
Property Features for 7029 - 7143 E State St
General Information
Standard status
Pending
Size
110,725 SF
Total Parking Spaces
539
Property subtype
Retail
Occupancy
100%
Net Operating Income
$1,014,825
Site & Location
Corner Location
Yes
Pylon Signage
Yes
Anchor Co-Tenants
Ashley Home Furniture, Planet Fitness, Urban Air Trampoline Park
Traffic Count
41,900 vehicles/day
Building Details
Year Built
1990
Year Renovated
2022
Buildings
1
Tenancy
Multi
Parking Ratio
4.58 per 1,000 SF
Listing Agency:
Frontline Real Estate Partners
(847) 780-8062
Listed By:
Matthew Tarshis · License #IL 481011744
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 10:09PM
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 Frontline Real Estate Partners
Investment Insights
Based on property information with market context.
State and Perryville Shopping Center is a multi-tenant retail property constructed in 1990 and renovated in 2022. The center is fully leased to Ashley Home Furniture, Planet Fitness, and Urban Air Trampoline Park, with tenant spaces of 50,000 SF, 25,508 SF, and 35,217 SF, respectively. A 539-space surface parking lot supports the property, along with pylon signage positioned along State Street.
The center occupies the southeast corner of State Street and Perryville Road in Rockford’s primary commercial corridor, with exposure to approximately 41,900 VPD. Nearby national and regional retailers include Wal-Mart Supercenter, Sam’s Club, Home Depot, Lowe’s Home Improvement, Target, Kohl’s, Dick’s, PetSmart, Burlington Coat Factory, and Bob’s Discount Furniture.
The center occupies the southeast corner of State Street and Perryville Road in Rockford’s primary commercial corridor, with exposure to approximately 41,900 VPD. Nearby national and regional retailers include Wal-Mart Supercenter, Sam’s Club, Home Depot, Lowe’s Home Improvement, Target, Kohl’s, Dick’s, PetSmart, Burlington Coat Factory, and Bob’s Discount Furniture.
Key Highlights
- 100% leased to Ashley Home Furniture, Planet Fitness, and Urban Air Trampoline Park
- Tenant areas measure 50,000 SF, 25,508 SF, and 35,217 SF
- Constructed in 1990 and renovated in 2022
Property Analytics
Property Profile
Current Use
Lease Details
41,900 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
1M
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Superstores 24%
Home Improvements & Furnishings 12%
Shops & Services 11%
Walmart
Superstores
138,676 visits/mo
0.3 miles
Sam's Club
Superstores
111,742 visits/mo
0.2 miles
Chick-fil-A
Dining
62,911 visits/mo
0.1 miles
Best Buy
Electronics
46,275 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
42,206 visits/mo
0.4 miles
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
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Perryville Crossings — 731 S Perryville Rd, Rockford, IL 61108
- Quick-Tag — Walmart Supercenter, 7219 Walton St, Rockford, IL 61108
- State Street Market — 6380 E State St, Rockford, IL 61108
- Perryville Shopping Center — 281 Deane Dr, Rockford, IL 61107
Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail center with prominent pylon signage and substantial surface parking.
Where is this shopping center located?
The property is located at 7029 - 7143 E State St Rockford, IL.
What are key features of this property?
This property features: 100% leased to Ashley Home Furniture, Planet Fitness, and Urban Air Trampoline Park; Tenant areas measure 50,000 SF, 25,508 SF, and 35,217 SF; Constructed in 1990 and renovated in 2022
