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- LoopNet Team
3720-3780 E State St
Rockford, IL 61108
Rockford Shopping Center · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
ABOUT 3720-3780 E STATE ST , ROCKFORD, IL 61108
Recently renovated 75,000 SF multi-unit Retail Shopping Center situated on 5.25 prime Acres (Zoned C-2) with direct frontage and signalized entrance on traffic-heavy East State Street (main artery in Rockford's commercial/retail district) priced to sell by absentee private owner far below replacement cost. 5.75% Cap Rate on Actual Income in Place! Occupied by National and State Credit Tenants on Long Term Leases with 5 and 8 years remaining respectively. Both Family Dollar and Secretary of State recently renewed their Leases making a strong long term commitment to the central State Street location. Remainder of Shopping Center (60,000+ SF) currently available for immediate lease-up or owner occupancy. Excellent visibility and exposure on the main thoroughfare in Rockford (East State Street) with an Average Daily Traffic Count in Excess of 30,000 (VPD) Vehicles Per Day and a 4-Way signalized entrance into the Center. Contact Listing Broker for Rent Roll and Income/Expense Report.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $465,756 | |
| Land Assessment | $290,625 | Total Assessment | $756,381 |
PROPERTY TAXES
