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402 E State St 12,786 SF 100% Leased Retail Building Rockford, IL 61104 $799,000 ($62.49/SF) 6.72% Cap Rate
INVESTMENT HIGHLIGHTS
- In the heart of Rockford's River District.
- Open plan with brick walls
- Lots of natural light
EXECUTIVE SUMMARY
Current 1st floor and 2nd floor lease is month to month.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
12,786 SF
Building Class
C
Year Built
1901
Price
$799,000
Price Per SF
$62.49
Cap Rate
6.72%
NOI
$53,693
Percent Leased
100%
Building Height
3 Stories
Building FAR
2.94
Lot Size
0.10 AC
AMENITIES
- Skylights
Walk Score®
Very Walkable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-23-386-010 | Total Assessment | $79,522 |
| Land Assessment | $7,501 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $72,021 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
11-23-386-010
Land Assessment
$7,501
Improvements Assessment
$72,021
Total Assessment
$79,522
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 21
VIDEOS
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STREET VIEW
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Presented by
Emerald Realty Group of Rockford, PLLC
402 E State St
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