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The Underground 418-420 E State St

10,080 SF Retail Building Rockford, IL 61104 £690,375 (£68/SF)

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Investment Highlights

3 floors with 3 tenants
12' ceilings and large windows for natural light

Elevator for all 3 floors

Executive Summary

AWARD WINNING BUILDING. COMMERCIAL ON FIRST FLOOR AND THE LOWER LEVEL. RESIDENTIAL APARTMENT ON THE 2ND FLOOR, ALL ACCESSIBLE WITH AN ELEVATOR. 3,360 SF ON ALL LEVELS. LOCATED IN DOWNTOWN ROCKFORD. COMPLETELY RENOVATED IN 2006. OUTDOOR SEATING WITH METAL RAILING IN THE FRONT SIDEWALK. PERFECT FOR LIVE-IN WORK OPPORTUNITY. SEE BROCHURE FOR MANY DETAILS.

420 E State flyer

420 E State 1st floorplan

420 E State floorplan 2nd fl

Taxes & Operating Expenses (Actual - 2023) Click Here to Access	Annual	Annual Per SF
Taxes	$99,999	$9.99
Operating Expenses	$99,999	$9.99
Total Expenses	$99,999	$9.99

Taxes & Operating Expenses (Actual - 2023) Click Here to Access

Taxes
Annual	$99,999
Annual Per SF	$9.99

Operating Expenses
Annual	$99,999
Annual Per SF	$9.99

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Sale Type

Owner User

Property Type

Retail

Property Subtype

Storefront

Building Size

10,080 SF

Building Class

Year Built/Renovated

1879/2006

Price

£690,375

Price Per SF

£68

Tenancy

Multiple

Number of Floors

Building FAR

2.57

Land Acres

0.09 AC

Zoning

Parking

2 Spaces (0.2 Spaces per 1,000 SF Leased)

1 of 1

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Walk Score ®

Very Walkable (87)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	11-23-386-016	Total Assessment	£59,251 (2022)
Land Assessment	£4,698 (2022)	Annual Taxes	-£1 (£0.00/sf)
Improvements Assessment	£54,552 (2022)	Tax Year	2023 Payable 2024