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    5011 State St Rockford, IL 61108

    For Lease
    Contact for pricing

    Prime Retail Space Available, High Visibility

    Lot size:
    11,898 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional retail opportunity presents a two-tenant, single-story freestanding building totaling 11,898 square feet, situated on a 4.16-acre lot in Winnebago County. Built in 1988, the property boasts 2 suites, with one currently vacant at 2,798 square feet, offering immediate occupancy. The building features ample parking with 63 spaces, providing a 5.3 parking ratio. Its strategic location, just three miles from I-90, ensures high visibility and accessibility. The property benefits from exceptional traffic volume, exceeding 28,000 vehicles per day passing through the State Street and Mulford Road intersection. Its proximity to Rockford University further enhances its appeal. The surrounding area includes established businesses such as McDonald's, First Community Credit Union, Sherwin-Williams, NAPA Auto Parts, Aerotek, and Goodwill, creating a strong retail environment. The property is zoned C1 and offers excellent building signage opportunities. This is an ideal location for a business seeking high visibility and strong traffic flow in a thriving commercial area. The building has no elevators.

    Property Features for 5011 State St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,898 SF

    Building Details

    Year Built
    1988
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 105
    Size
    2,798 SF

    HighLights

    • 11,898 SF retail building on 4.16 acres in Winnebago County.
    • Two suites available, one vacant at 2,798 SF.
    • Located 3 miles from I‑90, high traffic area (28,000+ VPD).
    • Excellent visibility near Rockford University and other national retailers.
    • 63 parking spaces (5.3/1,000 SF ratio).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    EZPAWN Pawn Shop Easy Cash Solutions Loan Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.019290563777
    Latitude
    42.263817576747

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space Available, High Visibility
    Where is this retail property located?
    The property is located at 5011 State St Rockford, IL.
    What are key features of this property?
    This property features: 11,898 SF retail building on 4.16 acres in Winnebago County.; Two suites available, one vacant at 2,798 SF.; Located 3 miles from I-90, high traffic area (28,000+ VPD).
    Request Owner's contact information
    5011 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
    5011 State St Rockford, IL 61108
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