Properties

Features
: Central Air
Address Map
US
IL
Winnebago
Rockford
61104
State
402
Street
W90° 54' 28.3''
N42° 16' 12.6''
NE Corner of E State Street and N 1st Street
Rockford
E
COMMR
Additional Information
12000
Three Phase,Other
87x51
3
3
@properties Commercial
Dakota Nilson
Financial
7536
Listing Information
896450
85348
Active
2026-10-15T16:20:02Z
MRED
2026-06-15T15:55:13Z
Property Description

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.

Commercial Sale For Sale

402 E State Street, Rockford, Illinois 61104

$720,000
Listing ID#12666065
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Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12666065
Price : $720,000
Year Built : 1901
Listing Status : Active
Property Sub Type : Mixed Use
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