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921 W State St 33,000 SF Specialty Building Offered at $305,000 in Rockford, IL 61102

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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.

TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Taxes - -
Operating Expenses - -

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
Price Per SF $9.81
Sale Type Owner User
Property Type Specialty
Property Subtype School
Building Class C
Lot Size 1.97 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
Walk Score®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 11-22-256-004
  • 11-22-256-005
  • 11-22-256-009
  • 11-22-256-008
Land Assessment
$32,181 (2024)
Improvements Assessment
$75,157 (2024)
Total Assessment
$107,338 (2024)
  • Listing ID: 36289653

  • Date on Market: 6/17/2025

  • Last Updated:

  • Address: 921 W State St, Rockford, IL 61102

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