3800 E. State Street
Rockford, IL East Rockford

$4,000,000 USD

Portfolio For Sale • 130,559 SF

4 Properties View all

Property Details

Property Type Unknown

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                Healthy combination of long time tenants and new arrivals as well as national brands partnered with locally based businesses
                            
                                With E. State Streets growth now reaching I-90 to the east, new demand is shifting back west with tenants infilling openings in established centers
                            
                                Starting at 9.46%, 3800 – 4010 is expected to see NOI return climb to just under 15% during the projected 5-year holding period.  
                            
                                The area enjoys a highly skilled workforce with concentrations in  aerospace engineering and design, healthcare, logistics/distribution and more! 
                            
                                2024 (latest data available)  reached a record breaking $523.4 MM in visitor spending with  preliminary 2025 data indicating another record year