Property summary
This exceptional investment opportunity presents a 55,226 square foot shopping center in Rockford, Illinois, boasting two national tenants: Burlington and Joann. Located at 6350-6360 E State St, this property enjoys a prime location, shadow-anchored by a Schnucks supermarket, and benefits from high visibility and accessibility due to its proximity to Interstate 90. The property sits on a 4.97-acre lot and features a 10-year lease with four 5-year renewal options, ensuring long-term stability.… Built in 1995 and renovated in 2024, the center benefits from a strong trade area, including the greater Rockford MSA, with over 75,000 vehicles per day passing on I-90 and over 30,000 vehicles daily on East State Street. The property's strong performance is reflected in its 7.50% cap rate and a Net Operating Income (NOI) of $749,587. The asking price is $9,994,000. The property is zoned for commercial use and enjoys the synergy of nearby major shopping centers like Forest Plaza and Rockford Township Center, further enhancing its appeal. The strong national tenants, Burlington and Joann, provide financial stability and significant income growth potential, with lease terms structured as NNN, minimizing landlord responsibilities. This combination of location, tenancy, and lease structure makes this a highly desirable retail asset in a thriving market. The area's robust demographics, including a population exceeding 141,000 within a 5-mile radius and an average household income over $90,000 within 3 miles, further supports the property's investment potential.
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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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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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.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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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.
Registration is required before any owner information is shown.
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