State & Perryville Shopping Center

For Sale

7029 - 7143 E. State Street , Rockford, IL 61108

This Rockford property for sale is located at 7029 - 7143 E. State Street . Contact the listing broker for details on the current sale price for State & Perryville Shopping Center. State & Perryville Shopping Center is situated on a lot that is 8.39 acre in size.

Contacts

broker

Matthew Tarshis

Frontline Real Estate Partners

Property Details

  • Property Type Retail - Street Retail
  • Property Size 110,725 SF
  • Units 3
  • Lot Size 8.39 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1990
  • Year Renovated 2022
  • Date Updated Aug 8, 2024
The Property is in Rockford, Winnebago County, Illinois, which is located approximately 80-miles northwest of Chicago and 15-miles south of the Illinois/Wisconsin border. Rockford is the fifth most populated city in Illinois with a population of approximately 149,000 residents. The subject Property is located on the east side of Rockford and is part of the city’s primary commercial corridor. State Street is an east/west thoroughfare with several commercial developments and big box retailers including Wal-Mart Supercenter, Sam’s Club, Home Depot, Lowes Home Improvement, Target, and Kohl’s, among others. Other nearby retailers include Dick’s, PetSmart, and Burlington Coat Factory, among many others. The subject property is located just east of the State and Perryville signalized intersection, which averages approximately 40,200 VPD. The property is conveniently accessible, located less than ½ mile west from Interstate-90 and provides direct access to the 539-surface level parking lot (4.58/1,000 SF) via curb cuts along Perryville Road and State Street.7029 - 7143 E. State Street, also known as State and Perryville Shopping Center, is located in Rockford, Winnebago County, Illinois. The building was constructed in 1990, renovated in 2022, and is located at the southeast corner of State Street & Perryville Road featuring visibility and exposure to approximately 41,900 VPD. The center is 100% leased by three (3) Tenants: Ashley Home Furniture (50,000 SF), Planet Fitness (25,508 SF), and Urban Air Trampoline Park (35,217 SF). At the 100% occupancy level, the center produces a NOI of approximately $1,014,825. The property includes a 539-surface level parking lot (4.58/1,000 SF), pylon signage along State Street, and is located within Rockford's primary commercial corridor. Neighboring retailers nearby include Wal-Mart Supercenter, Sam’s Club, Home Depot, Lowes Home Improvement, Target, Kohl’s, Dick’s, PetSmart, Burlington Coat Factory and Bob's Discount Furniture, among many others.

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Highlights

  • All Tenants are on NNN leases and have term through at least 2031
  • Recent CapEx includes roof replacement (2016), parking lot sealed and striped (2018), transformer replacement (2018) and the back flow valve replaced (2018).
  • There's approximately 3.5M SF of retail space within one-mile of the property including Wal-Mart Supercenter, Sam’s Club, Home Depot, Lowes Home Improvement, Target, and Kohl’s, Dick’s, PetSmart, Burlington Coat Factory, Red Robin, Portillo's, Panera, and McDonald's, among several others
  • Population of approximately 259,952 residents with an average Household Income of $123,259 within 5-miles of the Property
  • Rockford is the fifth most populated city in Illinois with a population of approximately 149,000 residents
  • The Property features a 539-surface level parking lot (4.58/1,000 SF)
  • New Hard Rock Casino recently opened approximately two (2) miles to the east

Getting around

  • 48/100

    Walk Score ®

  • 48/100

    Bike Score ®

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Location

  • City Rockford, IL
  • Neighborhood East Rockford
  • Zip Code 61108

Points of Interest

  • Panama Taxi

    5.90 miles

  • CN Rockford Depot

    6.62 miles

  • Mobil

    0.16 miles

  • Sams Club 8297 (Rockford, IL)

    0.16 miles

  • Sam's Club

    0.17 miles

  • FAS Fuel

    0.37 miles

  • Tower Gas

    0.84 miles

  • Kelly Williamson Mobil

    0.91 miles

  • Mobil Diesel Pumps

    0.93 miles

  • Casey's General Store

    1.03 miles

  • BP

    1.20 miles

  • Tesla Supercharger

    1.72 miles

  • Lowes Parking

    0.18 miles

  • Lot C

    0.75 miles

  • Cherryvale Mall Parking

    1.62 miles

  • Lot 9B

    2.64 miles

  • Woodman's Market

    2.65 miles

  • Lot 9A

    2.65 miles

  • Guilford High School Parking Lot

    2.66 miles

  • Lot 8B

    2.66 miles

  • Lot 8A

    2.67 miles

  • Lot 7B

    2.73 miles

  • Red Robin

    0.11 miles

  • Charleys Philly Steaks

    0.12 miles

  • Panda Express

    0.13 miles

  • McDonald's

    0.14 miles

  • Texas Roadhouse

    0.15 miles

  • Eggspress

    0.17 miles

  • Chick-fil-A

    0.19 miles

  • Denny's

    0.22 miles

  • Dunkin'

    0.23 miles

  • Pho 815

    0.26 miles

  • Walmart Supercenter

    0.26 miles

  • Ross

    0.27 miles

  • ALDI

    0.46 miles

  • Gordon Food Service

    0.46 miles

  • Target

    0.59 miles

  • Schnucks

    0.73 miles

  • Burlington

    0.89 miles

  • Marshalls

    0.96 miles

  • Kohl's

    1.07 miles

  • Valli Produce

    1.28 miles

In-Depth Research Available for this Property

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Contact Listing Broker

broker

Matthew Tarshis

Frontline Real Estate Partners