StefanieYarber
BEDS3
BATHS3 full
MLS#12589307
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 205
Property Description
Prime mixed-use investment opportunity in the heart of Downtown Rockford! Located on highly visible East State Street, this approximately 3,600+ square foot two-story building offers immediate income with excellent upside potential. The main floor is currently leased to Jimmy John's, providing stable rental income from a nationally recognized brand and generating consistent foot traffic in this busy downtown corridor. The second floor features two apartment units ready for renovation, presenting a strong value-add opportunity. With high ceilings, skylights, and abundant natural light, these units have the potential to be transformed into attractive loft-style apartments that fit perfectly with the growing demand for downtown living. An additional benefit is the convenient public parking lot located next to and behind the building, offering easy access for both commercial customers and future residential tenants. Surrounded by restaurants, shops, entertainment venues, and ongoing downtown development, this property enjoys excellent visibility and a prime location in Rockford's revitalizing city center. Whether you're an investor looking for income with upside or a developer seeking a downtown mixed-use project with character, this property offers tremendous potential.
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished, Full
Basement: Yes
Heating: Natural Gas, Forced Air
Lot Size: 0.02 Acres
Taxes: $4,811
Year Built: 1879
Feature Descriptions
Exterior: Concrete
Lot Dimensions: 00
Parcel#: 1123382019
Sewer: Public Sewer
Total Rooms: 4
Township: Rockford
Water: Public
Local Schools
School District: District 205
Listed By / Shown By
Listed By
Agency Name: Key Realty - Rockford
Agency Phone: 815-713-1100
Shown By
Agent Name: Stefanie Yarber
Agent Phone: Cell: (815) 995-0836
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 2,310.34 per month $1,794.21 Principal & Interest $400.92 Property Tax $115.21 Homeowner's InsuranceChange Payment Information
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308-310 E State Street | MLS# 12589307
This multi-family property located at 308-310 E State Street , Rockford, IL 61104 is currently listed for sale with an asking price of $395,000. 308-310 E State Street is located within the District 205 school district. Search Rockford real estate on syarber.gogambino.com today.