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    7340 State St Rockford, IL 61108

    For Lease
    Contact for pricing

    Prime Rockford retail space, fully vacant, divisible.

    Lot size:
    40,731 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail property, located at 7340 E State St in Rockford, Illinois, 61108, offers a substantial 40,731 square feet of leasable space. Built in 1996 and extensively renovated in 2016, the property is currently entirely vacant, presenting a unique opportunity for a single tenant or multiple tenants. The minimum divisible space is 10,000 square feet, allowing for flexibility to accommodate various business needs, with the maximum contiguous space available being the entire 40,731 square feet. The property is zoned Commercial - C2. Ample parking is provided, with a ratio of 1.7 spaces per 1,000 square feet. This location boasts exceptional visibility and accessibility, situated in 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, Ashley Furniture, and numerous restaurants and smaller retail establishments. This high-traffic area ensures significant foot and vehicle traffic, providing optimal exposure for any business. The property's recent renovation ensures modern amenities and a well-maintained building. This is an ideal opportunity for businesses seeking a prominent location in a thriving retail corridor.

    Property Features for 7340 State St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,731 SF

    Building Details

    Year Built/Renovated
    1996/2016

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    40,731 SF

    HighLights

    • 40,731 SF of prime retail space available on Rockford's premier retail corridor.
    • Divisible into approximately 10,000 SF and 30,000 SF spaces.
    • High visibility with 24,900 vehicles per day (VPD).
    • Prominent pylon signage on E. State St.
    • Convenient access from E. State St. at Buckley Dr. (signalized intersection) and Sundae Dr. (right‑in/right‑out).
    • Building constructed 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 Rockford retail space, fully vacant, divisible.
    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 of prime retail space available on Rockford's premier retail corridor.; Divisible into approximately 10,000 SF and 30,000 SF spaces.; High visibility with 24,900 vehicles per day (VPD).
    Request Owner's contact information
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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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