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Gustafson's Furniture 6651-6669 E State St 118,200 SF Retail Building Rockford, IL 61108 $5,000,000 ($42.30/SF)



Investment Highlights
- Investment Opportunity | High-Visibility Multi-Tenant Retail/Warehouse Asset
- Prime frontage on East State Street with strong daily tra ic counts
- Multi-tenant configuration (2–3 suites) supporting diversified income
Executive Summary
Investment Opportunity | High-Visibility Multi-Tenant Retail/Warehouse Asset
Positioned along the highly trafficked East State Street corridor in Rockford, this versatile multi-tenant retail/warehouse property offers a rare combination of visibility, functionality, and income potential.
Designed to accommodate two to three tenants, the asset provides flexibility for both investors and owner-users. A standout feature is the expansive suite combining showroom and warehouse space—ideal for businesses seeking a strong retail presence with integrated operational capabilities.
Property Highlights:
Multi-tenant configuration (2–3 suites) supporting diversified income
Prime frontage on East State Street with strong daily traffic counts
Showroom + warehouse suite tailored for retail, distribution, or hybrid users
7 dock doors enabling efficient logistics and throughput
2 drive-in/overhead doors for additional access and operational flexibility
Adaptable layout suitable for retail, showroom, warehouse, or service uses
Ample on-site parking for customers and employees
Excellent connectivity to major roadways and surrounding retail corridors
This asset presents a compelling opportunity to acquire a well-located, income-producing property with leasing flexibility and long-term upside. Ideal for investors seeking stable cash flow with value-add potential, or for an owner-user looking to offset occupancy costs through supplemental rental income.
For additional details or to schedule a tour, contact the listing broker.
Positioned along the highly trafficked East State Street corridor in Rockford, this versatile multi-tenant retail/warehouse property offers a rare combination of visibility, functionality, and income potential.
Designed to accommodate two to three tenants, the asset provides flexibility for both investors and owner-users. A standout feature is the expansive suite combining showroom and warehouse space—ideal for businesses seeking a strong retail presence with integrated operational capabilities.
Property Highlights:
Multi-tenant configuration (2–3 suites) supporting diversified income
Prime frontage on East State Street with strong daily traffic counts
Showroom + warehouse suite tailored for retail, distribution, or hybrid users
7 dock doors enabling efficient logistics and throughput
2 drive-in/overhead doors for additional access and operational flexibility
Adaptable layout suitable for retail, showroom, warehouse, or service uses
Ample on-site parking for customers and employees
Excellent connectivity to major roadways and surrounding retail corridors
This asset presents a compelling opportunity to acquire a well-located, income-producing property with leasing flexibility and long-term upside. Ideal for investors seeking stable cash flow with value-add potential, or for an owner-user looking to offset occupancy costs through supplemental rental income.
For additional details or to schedule a tour, contact the listing broker.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| 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 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Department Store
Building Size
118,200 SF
Building Class
C
Year Built
1990
Price
$5,000,000
Price Per SF
$42.30
Tenancy
Multiple
Building Height
1 Story
Loading Docks
6 Exterior
Building FAR
0.26
Lot Size
10.57 AC
Zoning
C2 - C-2 zoning in Illinois is a general service district that allows for a variety of commercial uses, including retail, administrative, and wholesale act
Parking
224 Spaces (1.9 Spaces per 1,000 SF Leased)
Frontage
690’ on E State St
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-27-203-014 | Total Assessment | $1,540,064 (2024) |
| Land Assessment | $681,582 (2024) | Annual Taxes | ($118,200) (($1.00)/SF) |
| Improvements Assessment | $858,482 (2024) | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
12-27-203-014
Land Assessment
$681,582 (2024)
Improvements Assessment
$858,482 (2024)
Total Assessment
$1,540,064 (2024)
Annual Taxes
($118,200) (($1.00)/SF)
Tax Year
2025 Payable 2026
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Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
Gustafson's Furniture | 6651-6669 E State St
