519 East State Street

Rockford, IL 61104

$510,000
Price
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Beds
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Sq. Ft.
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per Sq. Ft.

Description

Prime Downtown Rockford Gem: Iconic Irish Rose Building with C4 Zoning, Ample Parking, and Unbeatable Walkability The 4100 SF structure includes two apartments above the restaurant and a basement. One apartment was previously used as an Airbnb, providing a stream of short-term rental income. The second apartment, directly above the restaurant, can easily be converted into a spacious two-bedroom unit. Both units have outdoor, separate entrances, offering privacy and flexibility. The two-bedroom unit...Prime Downtown Rockford Gem: Iconic Irish Rose Building with C4 Zoning, Ample Parking, and Unbeatable Walkability The 4100 SF structure includes two apartments above the restaurant and a basement. One apartment was previously used as an Airbnb, providing a stream of short-term rental income. The second apartment, directly above the restaurant, can easily be converted into a spacious two-bedroom unit. Both units have outdoor, separate entrances, offering privacy and flexibility. The two-bedroom unit features a large living room, kitchen, bathroom, and an additional room that can be used as a bedroom or office. Restaurant and Bar The ground-floor space is fully equipped with a kitchen line, a walk-in cooler, and a full-service bar-perfect for a new concept or revival of the restaurant. Ownership successfully operated a thriving bar and restaurant in this location for many years, a testament to the building's ability to draw crowds. It's primed for someone to capitalize on the existing infrastructure in a vibrant downtown environment. C4 Zoning The C4 zoning designation offers flexibility for various commercial uses, including restaurants, bars, retail, and mixed-use developments. This zoning makes it attractive to investors looking for opportunities in hospitality, dining, entertainment, or mixed-use commercial spaces. Prime Location on State St Positioned on a highly visible corner in downtown Rockford, this property benefits from excellent foot traffic and accessibility. The area is known for its walkability, with a mix of retail, restaurants, and businesses creating a vibrant urban atmosphere. City parking lots are conveniently located directly outside the building, with ample street and lot parking available nearby. Vibrant Downtown Area Downtown Rockford has seen significant revitalization over the past decade, making it a hub of activity for locals and visitors. The property is situated near local landmarks, thriving businesses, and cultural venues, contributing to a strong community vibe and drawing consistent traffic. The area's walkability adds to its charm, with coffee shops, restaurants, and entertainment options just steps away. Development Potential With its large square footage, excellent location, and flexible zoning, this property offers tremendous potential for a savvy investor. Whether you're interested in reopening the restaurant or exploring a new mixed-use venture, this is a unique opportunity in an up-and-coming downtown district. Why Invest in Downtown Rockford? Rockford's downtown area has undergone a renaissance in recent years, with a renewed focus on business development, arts, and entertainment. State Street serves as a key artery of the downtown district, connecting various commercial and cultural hotspots. With initiatives to further enhance the area, properties like 519 E. State St. offer investors a chance to be part of this growth. As more businesses and residents flock to the area, the demand for dining, retail, and entertainment options continues to rise. The city has prioritized pedestrian-friendly infrastructure, making it easier for foot traffic to support local businesses. Parking is plentiful with nearby city lots, further enhancing accessibility for patrons. For potential buyers looking to tap into a dynamic urban environment with historical charm, this corner building offers both an exceptional location and built-in amenities to facilitate a smooth transition to operations or redevelopment.
  1. Listed by Theodore Aretos • EatZ Real Estate Group LLC

Property Details for 519 East State Street

Area
Rockford
LISTING UPDATED: 10/22/2024 12:07 AM

Property Details for 519 East State Street

StatusActive
MLS #12190231
Days on Market114
Taxes$6,160 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1900
Lot Size0.08 AC / 3,485 SF
CountyWinnebago County

Building Information for 519 East State Street

Stories2Residences3Year Built1900Lot Size0.08 AC / 3,485 SF

Property Information for 519 East State Street

General Information
Addtl Parking Information
  • Outdoor Parking: Public Lot
Location and General Information
  • Geographic Locale: East/West Corridor,Northwest Suburban,Far West
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Window Unit(s)
  • Electric: Circuit Breakers, Fuses
  • Heat/Ventilation: Central Heat/Indiv Controls,Hot Water
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 3485
  • Lot Size Square Feet: 3485.0
  • Stories: 2
  • Fire Protection: Alarm On Site,Ansul System
  • # Of Offices: 0
  • # Of Stores: 2
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Possible Use: Commercial, Retail, Special Use, Other
  • Public Document Count: 0
  • Photos Count: 19
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Total Monthly Income: 0
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 519 East State Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 519 East State Street

Taxable ValueLand$5,765Additions$66,868Total$72,633
Tax Record2023$6,400 ($533 / month)
Home Facts
Total Finished SqFt8,213 SqFtAbove Grade Finished SqFt8,213 SqFtStories2Lot Size3,485 SqFtStyleMiscellaneous CommercialYear Built1900ZoningC4CountyWINNEBAGOAPN11-23-390-010

Schools near 519 East State Street

This home is within Rockford School District 205.
Rating
School
Type
Grades
Distance
Constance Lane Elementary School
Public - K to 5
Abraham Lincoln Middle School
Public - 6 to 8
Rockford East High School
Public - 9 to 12
Cherry Valley Elementary School
Public - 3 to 5
Rating
School
Distance
Constance Lane Elementary School
PublicK to 5

Abraham Lincoln Middle School
Public6 to 8

Rockford East High School
Public9 to 12

Cherry Valley Elementary School
Public3 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 519 East State Street, Rockford, IL 61104

519 East State Street is a mixed use property for sale in Rockford, IL 61104. This property was listed for sale on October 15, 2024 by EatZ Real Estate Group LLC, it's currently listed at $510,000. It has been on the market for a total of 114 days and was last sold on February 28, 2013. This listing's school district is Rockford School District 205. Nearby schools include Constance Lane Elementary School, Abraham Lincoln Middle School and Rockford East High School. 519 East State Street is a 0-bed, 0-bath, mixed use property built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EatZ Real Estate Group LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 10/22/2024 12:07 AM. 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.