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3420 E State St 1,375 SF Retail Building Rockford, IL 61108 $650,000 ($472.73/SF)
INVESTMENT HIGHLIGHTS
- Excellent location at signalized intersection on busy thoroughfare with over 20,000 vehicles per day.
- Ideal location for fast food, drive through, or other retail uses.
- C3 Zoning allows for numerous uses.
- Seller will provide environmental indemnity.
EXECUTIVE SUMMARY
Excellent opportunity to redevelop 0.8-acre former gas station site strategically positioned on a main retail corridor! Located at the signalized intersection of E State Street and Fairview Rd. Great fast food location!
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Convenience Store
Building Size
1,375 SF
Building Class
C
Year Built
1990
Price
$650,000
Price Per SF
$472.73
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.80 AC
Zoning
C3 - Commercial, Manufacturing and Employment District
Parking
9 Spaces (6.55 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signalized Intersection
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-30-204-001 | Improvements Assessment | $83,621 |
| Land Assessment | $62,831 | Total Assessment | $146,452 |
PROPERTY TAXES
Parcel Number
12-30-204-001
Land Assessment
$62,831
Improvements Assessment
$83,621
Total Assessment
$146,452
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3420 E State St
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