Property summary
Forest Plaza, located at 6125 E State St, Rockford, IL 61108, presents a compelling investment opportunity in a thriving retail market. This 439,471 square foot shopping center sits on a 50.31-acre lot and boasts a remarkable 98.1% occupancy rate. The property features a diverse mix of national tenants including Kohl's, Petco, Dick's Sporting Goods, Michaels, Marshalls, Binny's, Old Navy, and others, demonstrating strong tenant retention with over 52% of the gross leasable area (GLA) occupied… for more than 15 years and 47% for over 20 years. Recent leasing momentum is evident with several new additions in 2023 and 2024, including Sierra, Aaron's, The Buckle, and European Wax Center. High-performing tenants contribute to strong sales figures, with several exceeding $2.9 million in annual sales. The center benefits from exceptional Placer.ai rankings for its tenants within Illinois and nationally, reflecting its strong performance and desirability. Situated in the heart of Rockford's State Street retail corridor, Forest Plaza benefits from its location in a dynamic market. Rockford is experiencing significant growth, recently ranked the #1 housing market in the United States and the #10 city with the lowest cost of living. The city's expanding economy, fueled by recent investments in infrastructure and major employers like General Mills and Walmart, further enhances the property's long-term potential. This value-add investment opportunity offers a rare chance to acquire a premier super-regional retail destination in a rapidly growing market. The property's strong tenant lineup, high occupancy, and prime location make it an attractive asset for discerning investors.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
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