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308-310 E State
ROCKFORD IL 61104 US

$395,000

Active Listing ID 202601383
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$395,000

Active Listing ID 202601383
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308-310 E State 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 downtown development, this property enjoys excellent visibility and a prime location in Rockford’s revitalizing city center. Whether you're an investor looking for income with upside or a developer seeking a downtown mixed-use project with character, this property offers tremendous potential.

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air
  • Roof Type: Shingle
  • Heating Fuels: Forced Air

School Information

  • School
  • District 205-rfd(Elementary)
  • District 205-RFD(MiddleSchool)
  • District 205-RFD(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 395000
  • unparsedaddress: 308-310 E State
  • postalcity: ROCKFORD
  • stateorprovince: IL
  • country: US
  • postalcode: 61104
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 42.254747646505
  • longitude: -89.0771429153442
  • listagentfullname: Jorge DaSilva
  • listagentemail: jorgedasilva@keyrealtyus.com
  • listagentkey: 3yd-RAARIL-110340
  • listagentmlsid: 110340
  • listagentpreferredphone: 8159797559
  • listagentofficephone: 8157131100
  • listofficekey: 3yd-RAARIL-715
  • listagentstatelicense: 475181452
  • listofficemlsid: 715
  • disclaimer: Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: RAARIL
  • listingcontractdate: 2026-03-13
  • listagenturl: http://www.keyrealtyus.com
  • parcelnumber: 1123382019
  • elementaryschool: District 205-rfd
  • highschool: District 205-RFD
  • elementaryschooldistrict: Rockford 205
  • middleorjuniorschooldistrict: Rockford 205
  • highschooldistrict: Rockford 205
  • appliances: None
  • cooling: Central Air
  • constructionmaterials: Concrete
  • heating: Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Shingle
  • waterfrontyn: False
  • interiorfeatures: None
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: True
  • location: -89.07714, 42.25475
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Key Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jorgedasilva@keyrealtyus.com", "ListBrokerageCity":"Rockford", "ListBrokerageCountry":"US", "ListBrokerageEmail":"JOHN@trimetrics.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/RAARIL/a494de91741111dfabb700219b9aa4d8/20190214205854540.png", "ListBrokerageName":"Key Realty", "ListBrokeragePhone":"(815) 713-1100", "ListBrokeragePostalCode":"61114", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"6755 Weaver Road", "ListBrokerageWebsiteUrl":"http://www.keyrealtyus.com", "ListOfficeAddress1":"6755 Weaver Rd.", "ListOfficeAddress2":"Suite B", "ListOfficeBrokerMlsId":"1725", "ListOfficeCity":"Rockford", "ListOfficeCountry":"US", "ListOfficeEmail":"FrontDesk@KeyRealtyUS.com", "ListOfficePostalCode":"61114", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"3 - 4 Units - ROCKFORD, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/308-310-E-State-St_Rockford_IL_61104_M92994-87603?f=listhub&s=RAARIL&m=202601383&c=rexren", "MLSModificationTimestamp":"2026-03-13T19:10:54Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"3 - 4 Units", "RawPropertyType":"MultiFamily", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":4811, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/13/2026 8:00:55 PM GMT
Source Updated Date: 3/24/2026 12:49:21 PM GMT

Courtesy of: Jorge DaSilva, Key Realty, Inc, jorgedasilva@keyrealtyus.com

Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.