907 E State St, Rockford, IL 61104
For Sale
1 / 19
This exceptional 9,058 square foot commercial building, located at 907 E State Street in Rockford, IL, presents a unique investment opportunity. The property boasts a desirable three-story layout, including a full basement, offering significant versatility. A key feature is the attached covered parking garage at 105 S 5th Street, perfect for staff or clients. The building's interior features attractive hardwood floors and high ceilings, adding to its character and appeal. Currently configured with office space on the first floor, a second-floor meeting area complete with a serving space and bar, and a completely open third floor, the property offers a multitude of potential uses. Imagine transforming this space into a standalone office complex, a vibrant retail destination, or even incorporating residential lofts – the possibilities are vast. The building's size and layout provide ample room for customization and expansion, allowing for the creation of a truly unique and functional space. This is a rare chance to acquire a well-maintained property with significant potential in a prime Rockford location. The property is offered at $395,000. Serious inquiries only.
-
Ginestra Watson Marketing & Advertising Advertising Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C4 · Rockford, ILRockford. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.