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$395,000

For Sale

A day ago

MLS® 202601383

0 Bed

0 Bath

4200 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 4200 sqft
Garage No
Taxes $4,811
Days Active 1
Lot Size 
Approx. Age 1879
Avg. Price Per Sqft $94
MLS® Number 202601383

Property Address: 308-310 E State Street, Rockford, IL, 61104

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number202601383
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1879
BasementFull
DrivewayNone
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 13, 2026List Date
$395,000List Price
  • Commute

Commute

Starting Address
Destination Address
308-310 E State Street, Rockford, IL

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