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308-310 E State Street Rockford, IL 61104

$395,000
Active / MLS# 12589307 / Multi Unit - Multiple / Rockford
3 Beds
3 Baths

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.

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Baird & Warner Eric Sdrenka Agent Cell: 224.242.5922 Email

Mortgage Calculator

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yearly (est.)
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Estimated Payment

$ 1,393.90 per month $877.78 Principal & Interest $400.92 Property Tax $115.21 Homeowner's Insurance
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Property Details

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

Schools

School District: District 205

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

See details and scored characteristics about this location.

Listing Office: Key Realty - Rockford

Listing Office Phone: 815-713-1100



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