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    4048 State St Rockford, IL 61108

    For Lease
    $12 SF/Yr ($13,553 /Mo)

    13,553 SF Office Building, For Sale or Lease

    Lot size:
    13,553 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 13,553-square-foot commercial property, located at 4048 E State St in Rockford, IL 61108, presents a unique investment opportunity. The three-story Class B building, constructed in 1970 and renovated in 2014, sits on a spacious 32,500-square-foot lot. Currently entirely vacant, this adaptable space offers significant potential for a variety of businesses. The building features a main level with a large lobby, a secure vault, a teller line, a convenient drive-thru, multiple offices, and a conference room. The building includes an elevator for convenient access to all three floors. Its prime location in a bustling commercial area provides excellent visibility and accessibility, surrounded by complementary retail, dining, and service businesses. The property's versatile layout and desirable location make it an ideal choice for businesses seeking a prominent presence in a thriving Rockford commercial corridor. This is a rare opportunity to acquire a substantial, well-maintained building ready for immediate occupancy. The property is available for both sale and lease, offering flexibility to suit various business needs and financial strategies. The building's previous use as a bank provides a solid foundation for a variety of commercial ventures. Contact us today to learn more about this exceptional opportunity.

    Property Features for 4048 State St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,553 SF
    Class
    B
    Total Rate
    13553

    Building Details

    Year Built/Renovated
    1970/2014
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    4048 E State St.
    Size
    13,553 SF
    Rate per SF
    $12

    HighLights

    • 13,553 SF Class B commercial building on a 32,500 SF lot in Rockford, IL.
    • Three‑story building, built in 1970, renovated in 2014, currently vacant.
    • Features main level lobby, vault, teller line, drive‑thru, offices, conference room, and elevator.
    • Prime location in a bustling commercial area with high visibility and accessibility.
    • Available for sale or lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Letourneau & Cleland Ltd Accountant

    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
    -89.035149368147
    Latitude
    42.265232910831

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    FAQs

    What type of property is this?
    Office Property Space - 13,553 SF Office Building, For Sale or Lease
    Where is this office property space located?
    The property is located at 4048 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: 13,553 SF Class B commercial building on a 32,500 SF lot in Rockford, IL.; Three-story building, built in 1970, renovated in 2014, currently vacant.; Features main level lobby, vault, teller line, drive-thru, offices, conference room, and elevator.
    Request Owner's contact information
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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
    4048 State St Rockford, IL 61108
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