308-310 E State Street, Rockford, IL 61104

Rockford
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
308-310 E State Street,Rockford, IL 61104
$395,000
  • 3 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jorge da silva
Office: key realty - rockford
MLS#:12589307
Source:MLSNI

Price summary

  • Price:$395,000

About this home

Prime mixed-use investment opportunity in the heart of Downtown Rockford! Located on highly visible East State Street, this approximately 3,600+ square foot two-story building offers immediate income with excellent upside potential. The main floor is currently leased to Jimmy John's, providing stable rental income from a nationally recognized brand and generating consistent foot traffic in this busy downtown corridor. The second floor features two apartment units ready for renovation, presenting a strong value-add opportunity. With high ceilings, skylights, and abundant natural light, these units have the potential to be transformed into attractive loft-style apartments that fit perfectly with the growing demand for downtown living. An additional benefit is the convenient public parking lot located next to and behind the building, offering easy access for both commercial customers and future residential tenants. Surrounded by restaurants, shops, entertainment venues, and ongoing...

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Home facts

  • Year built:1879
  • Listing ID #:12589307
  • Updated:May 02, 2026 at 10:47 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:3
  • Full bathrooms:2
  • Half bathrooms:1
  • Rooms Total:4
  • Basement:Yes
  • Basement Description:Full, Unfinished

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1879
  • Lot area:0.02 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$395,000
  • Tax amount:$4,811 (2024)
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