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    7340 State St Rockford, IL 61108

    For Sale
    Contact for pricing

    Prime Retail Space, High Traffic Area

    Property size:
    40,731 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 40,731-square-foot retail space is located at 7340 E State St, Rockford, IL 61108, on a high-traffic corridor boasting 24,900 vehicles per day. Built in 1996 and renovated in 2016, the property offers excellent visibility with prominent pylon signage on E. State St. Access is convenient via Buckley Dr. (signalized) and Sundae Dr. (right in/right out). The space features a 12' ceiling height and 13'5" clear height, and is divisible into approximately 10,000 and 30,000 square foot units. Current parking provides 1.7 spaces per 1,000 square feet, expandable to 3.09 spaces per 1,000 square feet. The property benefits from strong demographics and a robust labor pool, and enjoys close proximity to major retailers including Sam's Club, Walmart, Lowe's, Best Buy, Home Depot, Ross Dress for Less, Gordon Food Service, La-Z-Boy, and Ashley Furniture, as well as numerous restaurants and smaller retail businesses. This location offers unparalleled opportunity for retail success in a thriving market.

    Property Features for 7340 State St

    General Information

    Property type
    Retail properties
    Square Feet
    40,731 SF

    Building Details

    Year Built/Renovated
    1996/2016

    HighLights

    • 40,731 SF retail space available on Rockford's premier retail corridor.
    • Divisible into approximately 10,000 SF and 30,000 SF units.
    • High visibility with 24,900 vehicles per day (VPD).
    • Prominent pylon signage on E. State St.
    • Convenient access from E. State St. via Buckley Dr. (signalized) and Sundae Dr. (right‑in/right‑out).
    • Built in 1996, renovated in 2016.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    RAC Acceptance Furniture Rental Service The RoomPlace Furniture Store easyhome Furnishings Furniture Rental Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -88.9737553
    Latitude
    42.2709208

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, High Traffic Area
    Where is this retail property located?
    The property is located at 7340 State St Rockford, IL.
    What are key features of this property?
    This property features: 40,731 SF retail space available on Rockford's premier retail corridor.; Divisible into approximately 10,000 SF and 30,000 SF units.; High visibility with 24,900 vehicles per day (VPD).
    Request Owner's contact information
    7340 State St Rockford, IL 61108
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    Rockford, IL 61108
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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
    7340 State St Rockford, IL 61108
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