Contact us: 563.441.1776
Description
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.
Property Highlights
Property Type: Commercial - Business
Building Description: 3.0 stories
Year Built: 1901
General Information
County: Winnebago
Listed By:
@properties Commercial
312-337-0200
MRED MLS
MLS ID: 12666065
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402 E State Street , Rockford, IL 61104.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $720,000 | $720,000 | $720,000 |
| Down Payment | $144,000 | $25,200 | $180,000 |
| Monthly Mortgage Amount | $3,500 | $4,296 | $4,448 |
| Taxes | $1002 | $1002 | $1002 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $317 | $0 |
| Monthly Estimated Total | $4,712 | $5,825 | $5,660 |
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/01/2026. The listing information on this page last changed on 07/01/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 07/01/2026 12:15:17 AM EST) or MRED MLS (last updated Wed 07/01/2026 12:12:07 AM EST) or SCWMLS (last updated Tue 06/30/2026 11:54:37 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Tue 06/30/2026 10:16:46 PM EST) or Cedar Rapids MLS (last updated Tue 06/30/2026 10:44:14 PM EST) or NEIRBR MLS (last updated Wed 07/01/2026 12:08:40 AM EST) or ICAAR MLS (last updated Tue 06/30/2026 11:37:28 PM EST) or ECIMLS (last updated Tue 06/30/2026 11:44:13 PM EST) or RMLSA (last updated Wed 07/01/2026 12:10:55 AM EST) or Muscatine MLS (last updated Wed 07/01/2026 12:00:10 AM EST) or No Coast MLS (last updated Wed 07/01/2026 12:14:22 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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