Listing provided courtesy of @properties CommercialMREDas Distributed by MLSGrid- MLS# 12666065
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Request Info402 E State StreetRockford, IL 61104
Commercial · 12,000 Sq. ft.$720,000
Active
402 E State Street Overview
- Time on Site:
- 14 hours
- Visits:
- 0
Rare opportunity to acquire a historic mixed-use investment property in the heart of Downtown Rockford. Originally constructed in 1901, this three-story, elevator-served building offers approximately 12,000 SF above grade plus a 4,000 SF basement and is currently occupied by long-term local tenants. The first and second floors are occupied by Rockford Art Deli, a well-known apparel and screen-printing business, while the third floor is occupied by a residential tenant. Both tenants are currently operating on month-to-month agreements, providing immediate cash flow along with future leasing flexibility and rental upside potential. Recent capital improvements include a newly sealed roof, updated gas and electrical infrastructure, 3-phase electrical service, and separate gas metering for each floor. The building is zoned C-4 Downtown Commercial, allowing for a variety of retail, office, creative, and mixed-use opportunities. Located along East State Street in Rockford's revitalizing downtown district, the property benefits from strong visibility, walkability, and proximity to restaurants, retail, entertainment venues, and major employers.
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402 E State Street Facts & Features
- Type Commercial
- Sq. ft. 12,000
- Price/Sq.ft. $60
Details
General
Income/Expenses
- Other Expense: 0
- Electric Expense: 0
- Fuel Expense: 0
- Gross Income: 61200
- Gross Scheduled Income: 61200
- Insurance Expense: 0
- Trash Expense: 0
- Water Sewer Expense: 0
Building Information
- Year Built: 1901
Location/Region
- County Or Parish: Winnebago
- MLS Area Major: Rockford
Tax Information
- Tax Annual Amount: $7,536.00
- Tax Year: 2025
General Information
- Parcel Number: 1123386010
- Property Sub Type: Mixed Use
- Property Type: Commercial Sale
- Zoning: COMMR
Interior
Building Information
- Office SqFt.: 4000
- Other SqFt.: 8000
- Retail SqFt.: 4000
Building Interior
- Building Area Total: 12000
General Information
- Cooling: Central Air
- Electric: Three Phase, Other
- Stories: 3
Exterior
Lot Information
- Additional Parcels: No
- Lot Size Dimensions: 87x51
- Lot Size Square Feet: 4437
General Information
- Number Of Units Total: 3
402 E State Street Neighborhood
Community
61104 (Rockford) Demographics
34
Median Age
4,135
Population Density (per sq. mile)
17%
College Educated
$27,756
Estimated Median Income
3,006
Estimated Total Home Owners
5,204
Estimated Total Renters
37% / 63%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.402 E State Street Monthly Cost
402 E State Street Market Data
Based on the last 30 days in this zip code
$131,871
Average List Price
$91
Average Price per Square Foot
10
Properties Sold
113
Average Days on Market
32
Properties for Sale
402 E State Street History
| Date | Value | Agent |
|---|---|---|
| 6/29/2026Source: MRED | June 29, 2026 |