99 East State Street, Rockford, IL

Special Purpose for Sale
Also listed as Office, Industrial
Catylist Listing ID: 30350439
Building Size (RSF): 170,000 SF
Gross Building Area: See Agent
Sale Price: See Agent
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed, Owner Financing
Cap Rate: Undisclosed
Last Updated: 2/17/2021

Overview / Comments

+Unique redevelopment opportunity. Architecturally rich building containing
170,000 SF.
+Prominent landmark located in the heart of Rockford’s Downtown
Entertainment and Arts District.
+Unique river views plus panoramic views in the 9-story tower.
+Potential 5,000 SF office lease with RRStar (Gannet) plus continuing lease in
place with Rock Valley College.
+100 surface parking spaces on site as well as potential for underground parking
below north end of building. Additional 96 (approximate) spaces in nearby
owned lot.
+National Register of Historic Places.
+Combination of office and industrial space provide a variety of redevelopment
options.

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 1123358002
Property Located Between: East State St. and S. Madison St.
Property Visibility: Excellent
Largest Nearby Street: Located on East State Street
Highway Access: I-90
Airports: Chicago Rockford International Airport
Site Description: +Located at the center of downtown Rockford which has seen an influx of unique shops, boutiques, galleries, gourmet eateries, hotel and convention space and one-of-a-kind destinations.
Area Description: +Nearby attractions include the Sinnissippi Bike Path, UW Health Sports Facility (one of the largest sports facilities in the Midwest), BMO Harris Bank Convention Center, Coronado Performing Arts Center, Tinker Swiss Cottage and Museum, Discovery Center Museum, Rockford City Market and the Burpee Museum of Natural History.
Property Condition: Excellent
Parking Type: Surface, Underground

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,482 109,792 178,648
Median Age: 32.63 34.28 37.02
Households: 7,192 42,468 70,781

Contact

Photograph of Listing Agent

Karen Walsh

CBRE, INC. CMCPEX Member
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