Property profile

7474 State St Rockford, IL 61108

OFF-MARKET
Retail properties & Spaces
9,633 SF Built 2008
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Property summary

AI-generated overview

The Retail Shops of Hard Rock, located at 7474 E State St, Rockford, IL 61108, presents a compelling investment opportunity. This Class A retail property, built in 2008, boasts a total of 9,633 square feet across a single, one-story building situated on a 0.3-acre lot. Currently, 2,940 square feet of retail space is available, offering significant potential for expansion or lease to new tenants. The property is zoned C3 and features ample parking with 47 spaces available for customers and employees. Its prime location in Rockford, Illinois, ensures high visibility and accessibility for businesses. The property's APN is 1223376021. This is a multi-tenant property offering flexibility for a variety of retail uses. The building's excellent condition and strategic location make it an ideal investment for those seeking a strong return in a thriving market. The property's single-story design and ample parking contribute to its overall convenience and appeal. This is a rare opportunity to acquire a well-maintained, high-traffic retail space in a desirable location. The significant vacant square footage presents a unique chance to customize the space to meet specific business needs or to lease to multiple tenants, generating diverse income streams.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2008
Total area 9,633 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop
  • Physician
  • Physician
  • Dental Office

Location

7474 State St Rockford, IL 61108
Rockford metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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