5830-5980 E State St
Rockford, IL 61108
Marketplace of Rockford | Grocery Anchored · Retail Property For Sale
Property Facts
About 5830-5980 E STATE ST , ROCKFORD, IL 61108
- Grocery Anchored by Valli Produce | Leased Through January 2027 | Strong Regional Grocer | Extremely Low Rent-to-Sales Ratio - Co-Anchored by Party City (NYSE: PRTY) | $2.37 Billion in Revenue | Over 900 Stores | Global Leader in Party Goods Sector | Leased Through January 2028 - Tremendous Opportunity to Add Value by Raising the Old Time Pottery Space to Market Rent (No Option Periods Remaining) | Ability to Lease Up Remaining 5,406 Square Feet of Vacant Space - Long Term Tenant History | Six Tenants With Leases Starting Between 1987 to 1999 - Located in the Heart of Rockford’s State Street Retail Corridor | Surrounded by Leading Retailers Including Walmart, Target, The Home Depot, Lowes, Dick’s Sporting Goods and Many More - Fundamentally Sound Real Estate | Low Price per Square Foot ($59.94) | High Visibility Site with 1,100 Feet of Combined Frontage | Over 18 Acre Site with Abundant Parking (912 Surface Spaces) - Opportunity to Assume Loan with Below Market Interest Rate of 4.605 Percent | 30 Year Amortization with 5.5 Years of Term Remaining
Property Taxes
| Parcel Number | 12-21-477-014 | Improvements Assessment | $2,646,524 |
| Land Assessment | $609,152 | Total Assessment | $3,255,676 |
Property Taxes
