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0 Beds
12,000 sqft

$720,000

402 E State Street, Rockford IL, 61104

Price per sqft$60.00
Built in1901
Property size12,000 sqft
Property typeOther
Listed by Dakota Nilson with @properties Commercial 312-337-0200

Overview

Active

Listed Jun 2, 2026

Updated Jul 16

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.

$4,790/mo

Est. mortgage payment based on a $720,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12666065

Interior Features

Bedrooms
0
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.1 Acres

Other Property Details

Taxes
$7,536
Tax Frequency
Annually
MLS provider logo

Listed by Dakota Nilson with @properties Commercial 312-337-0200

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than The Tamara OConnor Team are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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Data is refreshed every 3 hours. Listing last updated 5:58 AM UTC on 7/16/2026. 

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