O'Neil Property Group

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$720,000
154 Days On Site

402 E State Street
Rockford, IL 61104

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
12,000
SqFt
$60
/SqFt
1901
Built
County:
Winnebago
Listing Courtesy of MRED as distributed by MLS Grid of @properties Commercial
402 E State Street402 E State Street402 E State Street402 E State Street
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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.

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Listing Snapshot
PriceΒ 
$720,000
Days On SiteΒ 
154 Days
BedroomsΒ 
N/A
Inside Area (SqFt)Β 
12,000 sqft
Total BathsΒ 
N/A
Full BathsΒ 
N/A
Partial BathsΒ 
N/A
Lot SizeΒ 
N/A
Year BuiltΒ 
1901
MLS NumberΒ 
12666065
StatusΒ 
Active
Property TaxΒ 
$7,536
HOA/Condo/Coop FeesΒ 
N/A
Sq Ft SourceΒ 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS
5 months agoStatus changed to Active
5 months agoListing first seen on site
General Features
Property Sub TypeΒ 
Mixed Use
SqFt TotalΒ 
12000
ZoningΒ 
COMMR
Interior Features
CoolingΒ 
Central Air
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Community Features
MLS AreaΒ 
Rockford
Listing Courtesy of MRED as distributed by MLS Grid of @properties Commercial



Based on information submitted to the MLS GRID as of 2026-11-04 04:31 PM UTC. 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.
Last checked: 2026-11-04 04:31 PM UTC
MRED DMCA Copyright Information Copyright Β© 2026 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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