3809 E State St, Rockford, IL, 61108

3809 E State St Rockford, IL 61108

3809 E State St, Rockford, IL, 61108
3809 E State St, Rockford, IL, 61108 3809 E State St, Rockford, IL, 61108 3809 E State St, Rockford, IL, 61108 3809 E State St, Rockford, IL, 61108
FOR SALE FOR LEASE
Property Type:
Other Land
Amount:
$895,000
Last Verified:
Oct 21, 2024

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Highlights


Description

Prime investment opportunity in the bustling Rockford area, offering ample space for potential retail or land development. Zoned C2, the property holds significant potential for a range of commercial options. Its strategic location provides high visibility and accessibility, making it an attractive choice for prospective investors. Whether looking to expand a retail presence or develop a new commercial enterprise, this property represents a strong investment prospect. Will also consider a build-to-suite or ground lease.

Prime leasing opportunity in the heart of Rockford, IL, this property is ideal for retail, office, or other commercial uses. Zoned C2, the 1.21 acre property provides flexibility for a variety of business opportunities. Its strategic location on E State St offers high visibility and accessibility with maximum exposure for tenants. alsof or sale - $895,000, will build-to-suite.

3809 E State St is ideally located on a busy stretch of East State Street in Rockford, IL, within a prominent shopping district just east of downtown. It is near local businesses like Zoltan's Sewing Center and Metrolink LLC, and approximately 1 mile from the N Alpine Rd intersection, offering excellent visibility for retail or commercial use.

Convenient access to I-90, just 2 miles away, and is only 5 miles from downtown Rockford. The surrounding area has a population of approximately 176,750 residents within a 10-mile radius and an average household income of around $70,000. This strategic location and strong demographics make 3809 E State St a prime opportunity in the Rockford market.


Year Built: 1966
Building Size: 14000sq ft
Lot Size: 1.21 acres

Units for Lease

Ground Lease / Build-to-Suit
Space Available: 52707 SF
Lease Type:

Price Per Sqft/Year: $1.75

Map of 3809 E State St, Rockford, IL, 61108

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.