99 East State Street, Rockford, IL

Expired Special Purpose for Sale
Also listed as Office
Catylist Listing ID: 30350439
Building Size (RSF): 170,000 SF
Gross Building Area: See Agent
Sale Price: See Agent
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed, Owner Financing
Cap Rate: Undisclosed
Last Updated: 8/7/2019

Overview / Comments

+Unique redevelopment opportunity. Architecturally rich building containing 170,000 SF.
+Prominent landmark located in the heart of Rockford’s Downtown Entertainment
and Arts District.
+Nine Floors of river views.
+Sale/leaseback opportunity with RRStar (GateHouse Media) plus additional rental
income in place.
+Additional space available for lease.
+100 surface parking spaces on site as well as potential for underground below
north end of building. Additional 96 (approximate) spaces in nearby owned lot.
+National Register of Historic Places.

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 1123358002
Property Visibility: Excellent
Largest Nearby Street: Located on East State Street
Highway Access: I-90
Airports: Chicago Rockford International Airport
Site Description: Prominent landmark located in the heart of Rockford’s Downtown Entertainment and Arts District.
Area Description: +Nearby attractions include the Sinnissippi Bike Path, newly constructed UW Health Sports Facility (one of the largest sports facilities in the Midwest), BMO Harris Bank Convention Center, Coronado Performing Arts Center, Tinker Swiss Cottage and Museum, Discovery Center Museum, Rockford City Market and the Burpee Museum of Natural History, Stroll on State. +Downtown Rockford is full of unique shops, boutiques, galleries, gourmet eateries and one-of-a-kind destinations
Property Condition: Good
Parking Type: Surface, Underground

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,482 109,792 178,648
Median Age: 32.63 34.28 37.02
Households: 7,192 42,468 70,781

Contact

Photograph of Listing Agent

Karen Walsh

CBRE, INC. ICEx Member
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