Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1201 State St Rockford, IL 61104

    Sponsored
    For Lease
    Contact for pricing

    14,489 SF Freestanding Building, High Traffic

    Lot size:
    14,489 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 14,489-square-foot freestanding retail building presents a unique investment opportunity in Rockford, Illinois. Built in 2001, this single-story structure boasts a prominent hard corner location with excellent visibility and accessibility. Previously occupied by Walgreens, the property features a convenient covered drive-thru lane, a significant asset for businesses requiring quick and efficient customer service. The ample parking lot is complemented by four points of ingress and egress, ensuring smooth traffic flow. The building benefits from a signalized intersection, maximizing exposure to high volumes of vehicular traffic. Strategically located directly across from the UW Health Hospital Campus, this property enjoys proximity to a substantial customer base drawn to the numerous medical services offered within the campus. Its position on Route 20, Rockford's main east-west artery, guarantees high traffic counts and excellent brand visibility. Further enhancing its appeal, the site is conveniently situated at a bus stop, and future Metra Train Service is planned for Rockford in 2027, promising increased accessibility and ridership. This prime location, coupled with the building's existing infrastructure, makes it an ideal space for a variety of retail uses, particularly those benefiting from drive-thru capabilities. The property is situated in Winnebago County.

    Property Features for 1201 State St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,489 SF

    Building Details

    Year Built
    2001
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    14,489 SF

    HighLights

    • 14,489 SF freestanding retail building available for lease.
    • Single‑tenant building, built in 2001.
    • Former Walgreens with drive‑thru.
    • Located on Route 20 in Winnebago County, IL, at a signalized intersection.
    • High visibility location across from UW Health Hospital Campus.
    • Ample parking with four points of ingress/egress.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor Redbox Movie Rental Kiosk FedEx OnSite Mailing Service Walgreens Pharmacy Pharmacy Michael Poulsen Pharmacy

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -89.0772734
    Latitude
    42.2659123

    Nearby Similar for Lease

    • $2,500 /Mo
      2,691 SF

      Rockford Freestanding Commercial Office Building

      Executive office building with high visibility and tranquil wooded setting.
      3400 N Rockton Ave, Rockford, IL 61103
      View Details
    • $7 SF/Yr
      5,800 SF

      Prime Industrial Building with Solar

      5,800 sq ft industrial building with upgraded offices and solar.
      4583 American Rd, Rockford, IL 61109
      View Details
    • $15 SF/Yr
      5,700 SF

      High-Traffic Retail Space in Rockford

      Prime retail location with high visibility and easy access.
      6905-6943 E State St, Rockford, IL 61108
      View Details
    • Contact for pricing
      100,000 SF

      Rockford Warehouse with Logistics Solutions

      100,000 SF warehouse with comprehensive logistics and storage solutions.
      1122 Milford Ave, Rockford, IL 61109
      View Details
    • $1,100,000
      4,547 SF

      Rockford Professional Office Complex

      Versatile office spaces in a prime Rockford location.
      7268 Argus Dr, Rockford, IL 61107
      View Details
    • Contact for pricing
      100,000 SF

      Rockford Warehouse with Exterior Storage

      100,000 SF warehouse with flexible lease arrangements available.
      4550 Kishwaukee St, Rockford, IL 61109
      View Details
    • Contact for pricing
      26,000 SF

      Rockford Multi-Story Office Building

      Flexible office suites with amenities in a well-connected location.
      4949 Harrison Ave, Rockford, IL 61108
      View Details
    • $10 SF/Yr
      2,667 SF

      Upscale Shopping Center Retail Space

      Retail space available in established Rockford shopping center.
      1605 N Alpine Rd, Rockford, IL 61107
      View Details
    • $9 SF/Yr
      3,050 SF

      Rockford Retail Space For Rent

      Versatile retail space in high-traffic location near downtown Rockford.
      310 7Th St, Rockford, IL 61104
      View Details
    • $19 SF/Yr
      5,551 SF

      Turnkey Bar & Grill Opportunity

      Fully equipped bar and grill available for lease assignment.
      5880 E State St, Rockford, IL 61108
      View Details
    • Contact for pricing
      210,980 SF

      Rockford Industrial Space with Cranes

      Industrial space with cranes and convenient access to major routes.
      650 Race St, Rockford, IL 61101
      View Details
    • Contact for pricing
      16,632 SF

      Class-A Office Space Available

      Professional office spaces available in high-traffic, central location.
      6000 State St E, Rockford, IL 61108
      View Details

    FAQs

    What type of property is this?
    Restaurant - 14,489 SF Freestanding Building, High Traffic
    Where is this restaurant located?
    The property is located at 1201 State St Rockford, IL.
    What are key features of this property?
    This property features: 14,489 SF freestanding retail building available for lease.; Single-tenant building, built in 2001.; Former Walgreens with drive-thru.
    Request Owner's contact information
    1201 State St Rockford, IL 61104
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1201 State St
    Rockford, IL 61104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1201 State St Rockford, IL 61104
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.