4940-4960 E. State St., Rockford, IL

Office for Sale
Catylist Listing ID: 30723732
Property Subtypes: Business Park, Executive Suites, Coworking, Governmental, High-Tech, Institutional, Medical, Mixed Use, Flex Space, Net Leased, Office Building, Research & Development, Other
Building Size (RSF): 28,731 SF
Gross Building Area: See Agent
Sale Price: See Agent
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 7/6/2021

Overview / Comments

4940 & 4960 E. State in Rockford, Illinois are 28,731 SF, of Class B
quality, single-story, multitenant office buildings, situated on an 4.28
acre parcel.

The portfolio is located off State Street, which is a major east-west
divided four-lane road. The Interstate 39/Bypass 20 interchange is one
mile south of the Property, providing quick access to I-90 as well as I-39. The Central Business District (“CBD”) of Rockford is approximately four miles west of the property. Downtown Chicago, O’Hare International Airport and Midway Airport are all easily accessible via interstate and within a 60 to 90-minute drive, respectively. The Greater Chicago Rockford International Airport is just a 10-minute commute south and west of the property.

• Two attractive single-story office buildings for Sale
• Excellent multi-tenant, one-story buildings in excellent condition
• Open floor designs available
• Expansive windows
• Modern offices, lobby and common area
• Well-constructed and maintained
• Plenty of available parking
• Strategically positioned just north of East State St. at signalized intersection
• Close to restaurants, retails, hotels and business services
• Three miles to Interstate I-90/I-39
• One mile to OSF Saint Anthony Medical Center and medical businesses
• Four miles to downtown Rockford

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 1229229015
Property Located Between: East State Street and Rockford College Entrance Dr.
Property Visibility: Excellent
Highway Access: Three miles to Interstate I-90/I-39
Site Description: Excellent multi-tenant, one-story buildings in excellent condition
Area Description: Strategically positioned just north of East State St. at signalized intersection Close to restaurants, retails, hotels and business services
Total Number of Buildings: 2
Number of Stories: 1
Parking Description: Plenty of available parking

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,421 95,477 191,031
Median Age: 39.4 39.49 38.29
Households: 4,595 38,832 76,979

Contact

Photograph of Listing Agent

Karen Walsh

CBRE, INC. CMCPEX Member
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