Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Office Spaces

    907 E State St, Rockford, IL 61104

    9,058 SF Built 1920
    Entity Owned 21-yr Hold ~ Est. High Equity
    Property ID
    US28-5856961
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1920
    Construction WOOD
    Total area 9,058 SF
    Zoning code C4
    APN 11-26-202-002
    UPID US28-5856961
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ginestra Watson Marketing & Advertising Advertising Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Watson Ginestra LLC · 21 yrs held
    Watson Ginestra LLC
    since 2004
    3 recorded transactions
    2020
    2004
    $185,000
    1969
    Zoning & alternative use
    C4 · Rockford, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message