3720 E. State Street

ROCKFORD, IL 61108

$24.67/SF

MLS# 09585798


Description

This 75,000SF multi-unit Shopping Center located on East State Street (main thoroughfare in Rockford with traffic counts in excess of 30,000 VPD) is being offered for sale far below replacement cost at $23/SF. Rockford Central DMV recently signed a 10 Year Lease making the Rockford Shopping Center their central location for the City. The Center is currently 10% occupied - carrying and operating expenses are covered by actual rental income in place. Variety unit sizes and layouts ranging from 10,000 - 68,500 SF are available for immediate lease-up. With its historically high occupancy rates the Rockford Shopping Center in its current vacancy state provides a tremendous value-add investment opportunity with abundant upside potential. Excellent for owner/user/investor. Excellent visibility and exposure on traffic-heavy East State Street with multi points of ingress/egress and a 4-way signalized entrance into the Shopping Center.
Listed:
04/05/17
Original Price:
$1,995,000
Price Change:
7.3%
Price Per Sq Ft
$24.67

This listing 3720 E. State Street Rockford, Il 61108 is a retail/stores listing on a lot of 228,690 sqft (or 5.25 acres). 3720 E. State Street was built in 1975. 3720 E. State Street is located in Rockford and in ZIP Code 61108. It has been listed on our site since Apr 5, 2017.

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Rockford

Rockford, Illinois, is a mid-sized city with many of the amenities, qualities and plusses of a major metropolitan city.  Click here to read more.

Rockford

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