3720-3780 E State St
Rockford, IL 61108
State Street Shopping Center · Retail Property For Sale

This 75,000SF multi-unit Shopping Center located on East State Street (main thoroughfare in Rockford with traffic counts in excess of 30,000 VPD) is being offered for sale FAR below replacement cost at $22/SF. Variety of unit sizes and layouts ranging from 10,000 - 68,500 SF are available for immediate lease-up. With its historically high occupancy rates the State Street Shopping Center, in its current vacancy state, provides a tremendous value-add investment opportunity with abundant upside potential. Excellent for owner/user/investor. Rockford Central DMV is currently the only Tenant in the Center - they recently signed a 10 Year Lease making the State Street Shopping Center their central location for the City of Rockford for many years to come. They occupy approximately 6,000SF (8% of total space available) and the rental income being received from Rockford Central DMV alone covers all carrying and operating expenses for the entire Shopping Center. *Center being Sold As-Is Excellent visibility and exposure on traffic-heavy East State Street with multi points of ingress/egress and a 4-way signalized entrance into the Shopping Center.