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3600 E State St 163,483 SF 100% Leased Retail Building Rockford, IL 61108 $4,400,000 ($26.91/SF) 7.41% Cap Rate

Storefront Properties Illinois Rockford 3600 E State St, Rockford, IL 61108

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Investment Highlights

  • Prominent identity and signage exposure along one of Rockford's primary commercial thoroughfares
  • Large land parcel providing strong frontage and visibility
  • Excellent accessibility and multiple points of ingress/egress
  • Opportunity for investors seeking a value-add retail asset in a proven commercial location
  • Surrounded by national retailers, restaurants, and service-oriented businesses
  • 363 parking spaces (3.24 spaces per 1,000 SF)

Executive Summary

Positioned at the highly visible intersection of E. State Street (US Route 20) and Mulford Road in Rockford, Illinois, this 111,982 SF neighborhood shopping center presents an exceptional investment opportunity offered at $4,400,000. The property is currently 91% occupied with 53 stores/offices and a diverse tenant mix featuring national and regional retailers, service providers, and restaurants. Situated on a prominent signalized corner with strong daily traffic counts exceeding 20,000 vehicles along E. State Street and excellent accessibility, the asset benefits from established consumer demand and significant exposure. The center offers 363 parking spaces (3.24 spaces per 1,000 SF) and generates a current NOI of approximately $326,006, providing investors with stable cash flow and value-add potential in one of Rockford's primary retail corridors.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
163,483 SF
Building Class
C
Year Built
1957
Price
$4,400,000
Price Per SF
$26.91
Cap Rate
7.41%
NOI
$326,040
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.47
Lot Size
8.00 AC
Zoning
C3
Parking
474 Spaces (4.44 Spaces per 1,000 SF Leased)
Frontage
645’ on E State St

Amenities

  • Signalized Intersection

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 301
  • 1,369 SF
  • Office/Medical
  • -
  • 30 Days

+ Available Office Spaces: Suite 308 - 1,177 SF, Suite 301 - 1,369 SF, Suite 328 - 4,193 SF + Well-known shopping center in the heart of Rockford’s east side shopping district + High E. State St. traffic counts + Pylon Signage on E. State St. available + Co-tenants include Dollar General, Wing-Stop, Rockford Fresh Market, Boost Mobile, Chuck E. Cheese, Retool and Edward Jones + Close to schools and residential neighborhoods + Under 4 miles to I-90/E. State St. interchange + Affordable Lease Rate: $11.75/SF Gross

  • 308
  • 1,777 SF
  • Office
  • In-Line
  • 30 Days

+ Available Office Spaces: Suite 308 - 1,177 SF, Suite 301 - 1,369 SF, Suite 328 - 4,193 SF + Well-known shopping center in the heart of Rockford’s east side shopping district + High E. State St. traffic counts + Pylon Signage on E. State St. available + Co-tenants include Dollar General, Wing-Stop, Rockford Fresh Market, Boost Mobile, Chuck E. Cheese, Retool and Edward Jones + Close to schools and residential neighborhoods + Under 4 miles to I-90/E. State St. interchange + Affordable Lease Rate: $11.75/SF Gross

  • 328
  • 4,193 SF
  • Office
  • In-Line
  • 30 Days

+ Available Office Spaces: Suite 308 - 1,177 SF, Suite 301 - 1,369 SF, Suite 328 - 4,193 SF + Well-known shopping center in the heart of Rockford’s east side shopping district + High E. State St. traffic counts + Pylon Signage on E. State St. available + Co-tenants include Dollar General, Wing-Stop, Rockford Fresh Market, Boost Mobile, Chuck E. Cheese, Retool and Edward Jones + Close to schools and residential neighborhoods + Under 4 miles to I-90/E. State St. interchange + Affordable Lease Rate: $11.75/SF Gross

Space Size Space Use Position Available
301 1,369 SF Office/Medical - 30 Days
308 1,777 SF Office In-Line 30 Days
328 4,193 SF Office In-Line 30 Days

301

Size
1,369 SF
Space Use
Office/Medical
Position
-
Available
30 Days

308

Size
1,777 SF
Space Use
Office
Position
In-Line
Available
30 Days

328

Size
4,193 SF
Space Use
Office
Position
In-Line
Available
30 Days

301

Size 1,369 SF
Space Use Office/Medical
Position -
Available 30 Days

+ Available Office Spaces: Suite 308 - 1,177 SF, Suite 301 - 1,369 SF, Suite 328 - 4,193 SF + Well-known shopping center in the heart of Rockford’s east side shopping district + High E. State St. traffic counts + Pylon Signage on E. State St. available + Co-tenants include Dollar General, Wing-Stop, Rockford Fresh Market, Boost Mobile, Chuck E. Cheese, Retool and Edward Jones + Close to schools and residential neighborhoods + Under 4 miles to I-90/E. State St. interchange + Affordable Lease Rate: $11.75/SF Gross

308

Size 1,777 SF
Space Use Office
Position In-Line
Available 30 Days

+ Available Office Spaces: Suite 308 - 1,177 SF, Suite 301 - 1,369 SF, Suite 328 - 4,193 SF + Well-known shopping center in the heart of Rockford’s east side shopping district + High E. State St. traffic counts + Pylon Signage on E. State St. available + Co-tenants include Dollar General, Wing-Stop, Rockford Fresh Market, Boost Mobile, Chuck E. Cheese, Retool and Edward Jones + Close to schools and residential neighborhoods + Under 4 miles to I-90/E. State St. interchange + Affordable Lease Rate: $11.75/SF Gross

328

Size 4,193 SF
Space Use Office
Position In-Line
Available 30 Days

+ Available Office Spaces: Suite 308 - 1,177 SF, Suite 301 - 1,369 SF, Suite 328 - 4,193 SF + Well-known shopping center in the heart of Rockford’s east side shopping district + High E. State St. traffic counts + Pylon Signage on E. State St. available + Co-tenants include Dollar General, Wing-Stop, Rockford Fresh Market, Boost Mobile, Chuck E. Cheese, Retool and Edward Jones + Close to schools and residential neighborhoods + Under 4 miles to I-90/E. State St. interchange + Affordable Lease Rate: $11.75/SF Gross

1 1
3600 E State St, Rockford, IL - Aerial map view - Image1
3600 E State St, Rockford, IL - Aerial map view - Image2
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Source: Local Logic®

Nearby Major Retailers

Scooter's Coffee
Marc's
Schnucks
UMB Bank

Property Taxes

Parcel Number 12-30-226-009 Improvements Assessment $926,626
Land Assessment $473,234 Total Assessment $1,399,860

Property Taxes

Parcel Number
12-30-226-009
Land Assessment
$473,234
Improvements Assessment
$926,626
Total Assessment
$1,399,860
(815) 218-3438

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 42038684

  • Date on Market: 9/3/2026

  • Last Updated:

  • Address: 3600 E State St, Rockford, IL 61108

The East Rockford Retail Property at 3600 E State St, Rockford, IL 61108 is currently available. Contact CBRE, Inc. for more information.

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3600 E State St

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