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3415 E State St
Rockford, IL 61108
Former Imperial Palace-Closed-Fully Equipped · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Freestanding Building With Ample Parking On Busy E State St/US 20
  • Surrounded By Flourishing Commercial & Residential Area - The Largest City Outside of Chicago
  • Property: 30,141 SqFt = .69 acres. 2017 Real Estate Taxes $16,689
  • Conveniently Located On The Main Throughway/Major Highway Running Through This Growing Far Northwest City
  • Home To Several Fortune 500 Companies, 3 Major Medical Facilities & 15,000 Other Businesses

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
4,194 SF
Building Class
B
Year Built/Renovated
1970/2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.69 AC
Zoning
c3
Parking
30 Spaces (7.15 Spaces per 1,000 SF Leased)
Frontage
169’ on State Street

AMENITIES

  • Pylon Sign
  • Restaurant
  • Air Conditioning

ABOUT 3415 E STATE ST , ROCKFORD, IL 61108

Fully Equipped Restaurant With Bar Rockford, IL - Property Included! Known for their delicious authentic Chinese cuisine. Full-service restaurant with a full bar. Currently set up for dine-in, carry-out and local delivery. Beautifully appointed interior. Cozy atmosphere. Asset sale with property - no financials. Keep the current concept or make it your own in this ideal location! Can easily be converted to any type of restaurant!! Location: Prime retail space in a spectacular freestanding building with ample parking. Conveniently located on busy E State St/US 20, the main throughway/major highway running through this growing far northwest city. Surrounded by a flourishing commercial and residential area. Perfectly situated in the 3rd largest city in IL outside of Chicago, conveniently located 65 miles northwest of O'Hare. The area is home to several Fortune 500 company facilities, 3 major medical facilities, as well as more than 15,000 other businesses. It's the best of big city and small-town living. Almost 30% of the US population lives within 500 miles of its borders! Year Established: 1992 Property: 30,141 sqft = .69 acres. Real estate taxes $16,689. Square Feet: 3,500 Seating: 150 Days/Hrs of Operation: Currently closed. Value of FF&E: Included in Asking Price Seller Financing: No Reasons for Selling: Focus on other business. Competition/Market: Ideally located. Successful restaurant location for over 26 years! Growth & Expansion: Real gem. A staple in the community. Local favorite restaurant. Had lots of regulars. The “Go-To” restaurant for dine-in, takeout and delivery. Highly rated and recommended, great reputation to build upon. Feel free to stop by the location first. This is a highly confidential listing. If interested, contact EatZ for more information. Showings by appointment only. Listed By Pat Mahoney & Tom Traina at EatZ & Associates / EatZ Real Estate Group LLC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-30-207-002
Land Assessment
$56,018
Improvements Assessment
$135,536
Total Assessment
$191,554
  • Listing ID: 15978312

  • Date on Market: 5/7/2019

  • Last Updated:

  • Address: 3415 E State St, Rockford, IL 61108

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