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Executive Summary
FOR SALE: Redevelopment Opportunity – Former School Building with Significant Upside
921 W State St, Rockford | 31,103 SF | 84,867 SF | Zoning: C1
Priced to Reflect Condition – Bring Your Vision!
This former school building presents a rare opportunity for developers, investors, or community-minded buyers to reimagine a substantial structure with solid
bones in need of full renovation. Offering expansive square footage and situated on a generous parcel of land, this property is ideal for those seeking to
repurpose or redevelop a legacy institutional space into multi-family housing, community center, o ice, creative space, or other adaptive reuse.
Property Highlights:
31,103 SF school building on 1.95 acres of land
Multiple classrooms, o ices, restrooms, and common areas
Solid structure with brick and stone construction
Large lot allows for expansion, parking, or outdoor amenities
Consists of 4 PINS (11-22-256-004, 11-22-256-008, 11-22-256-005, 11-22-256-009)
Zoned C1 – potential for mixed-use or residential conversion (verify with municipality)
Condition Note:
This is a distressed property requiring significant repairs and upgrades throughout, including roof, mechanicals, and interior finishes. Sold AS-IS. Buyer to
verify all measurements, zoning, and redevelopment feasibility.
This is an ideal canvas for those with the foresight and resources to transform a once-active school into a thriving new chapter. Seize this value-add opportunity at a price that reflects the work required.
Contact Tom Ewing today for details or to schedule a private tour.
921 W State St, Rockford | 31,103 SF | 84,867 SF | Zoning: C1
Priced to Reflect Condition – Bring Your Vision!
This former school building presents a rare opportunity for developers, investors, or community-minded buyers to reimagine a substantial structure with solid
bones in need of full renovation. Offering expansive square footage and situated on a generous parcel of land, this property is ideal for those seeking to
repurpose or redevelop a legacy institutional space into multi-family housing, community center, o ice, creative space, or other adaptive reuse.
Property Highlights:
31,103 SF school building on 1.95 acres of land
Multiple classrooms, o ices, restrooms, and common areas
Solid structure with brick and stone construction
Large lot allows for expansion, parking, or outdoor amenities
Consists of 4 PINS (11-22-256-004, 11-22-256-008, 11-22-256-005, 11-22-256-009)
Zoned C1 – potential for mixed-use or residential conversion (verify with municipality)
Condition Note:
This is a distressed property requiring significant repairs and upgrades throughout, including roof, mechanicals, and interior finishes. Sold AS-IS. Buyer to
verify all measurements, zoning, and redevelopment feasibility.
This is an ideal canvas for those with the foresight and resources to transform a once-active school into a thriving new chapter. Seize this value-add opportunity at a price that reflects the work required.
Contact Tom Ewing today for details or to schedule a private tour.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $305,000 | Lot Size | 1.27 AC |
| Price Per SF | $9.81 | Building Size | 31,103 SF |
| Sale Type | Owner User | No. Stories | 4 |
| Property Type | Specialty | Year Built/Renovated | 1929/2006 |
| Property Subtype | School | Parking Ratio | 2.19/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | C2 - Motor Vehicle-Related Commercial District | ||
| Price | $305,000 |
| Price Per SF | $9.81 |
| Sale Type | Owner User |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | C |
| Lot Size | 1.27 AC |
| Building Size | 31,103 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1929/2006 |
| Parking Ratio | 2.19/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C2 - Motor Vehicle-Related Commercial District |
Walk Score®
Very Walkable (72)
Property Taxes
| Parcel Number | 11-22-256-004 | Improvements Assessment | $74,483 (2024) |
| Land Assessment | $17,727 (2024) | Total Assessment | $92,210 (2024) |
Property Taxes
Parcel Number
11-22-256-004
Land Assessment
$17,727 (2024)
Improvements Assessment
$74,483 (2024)
Total Assessment
$92,210 (2024)
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921 W State St
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