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    7431 State St Rockford, IL 61108

    For Lease
    Contact for pricing

    High-visibility retail space, ample parking.

    Lot size:
    10,515 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 10,515 square foot retail property, situated on 1.3 acres in Rockford, Illinois, presents a unique investment opportunity. Built in 1994, the single-story building features two suites, with one currently vacant offering 3,244 square feet of adaptable space. The property boasts excellent visibility from East State Street, benefiting from its location in an outlot of a Walmart shopping center, alongside other prominent retailers such as The UPS Store. The ample parking provides 71 spaces for customers and employees. The property is zoned for a variety of uses, including cannabis, restaurant, healthcare, and retail, offering considerable flexibility for potential tenants. This prime location in Winnebago County, with its easy access and high traffic volume, makes this a highly desirable property for businesses seeking strong visibility and convenient access for their customers. The address is 7431 E State St, Rockford, IL 61108. This is a single-building, one-story structure with multiple tenancy options.

    Property Features for 7431 State St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,515 SF

    Building Details

    Year Built
    1994
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 7445
    Size
    3,244 SF

    HighLights

    • 10,515 SF retail building on 1.3 acres in Rockford, IL.
    • Excellent visibility from East State Street in a Walmart‑anchored shopping center.
    • High traffic count exceeding 30,000 vehicles per day.
    • Located within two miles of I‑90.
    • Building and pylon signage opportunities available.
    • Zoned for diverse uses including retail, restaurant, healthcare, and cannabis.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Logsdon Consultation Services Consultant Sparklean Maids House Cleaning Service Angel Bliss Custom T-Shirt Store Greater Works Ministries Association Or Organization Gulf Coast Faith ... Association Or Organization

    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
    -88.972167095705
    Latitude
    42.269504989223

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    FAQs

    What type of property is this?
    Neighborhood center - High-visibility retail space, ample parking.
    Where is this neighborhood center located?
    The property is located at 7431 State St Rockford, IL.
    What are key features of this property?
    This property features: 10,515 SF retail building on 1.3 acres in Rockford, IL.; Excellent visibility from East State Street in a Walmart-anchored shopping center.; High traffic count exceeding 30,000 vehicles per day.
    Request Owner's contact information
    7431 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
    7431 State St Rockford, IL 61108
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