501 State StRockford, IL 61104

Property Details for 501 State St

Year built

1900

Construction

WOOD

Property size (Sq ft)

1,419 SF

Zone code

C4

Property type

Commercial real estate

APN

11-23-390-001

APU

1123390001

Description

This exceptional turnkey restaurant and building opportunity is located in the heart of downtown Rockford, Illinois, at 501 E State St, zip code 61104. The property boasts 2,838 square feet of space within a single-story, 1900-built building. The sale includes the established business, all existing equipment, and the real estate itself, presenting a unique chance for aspiring restaurateurs. The restaurant features a large, fully equipped bar (separate sale of existing liquor inventory at closing), ample seating for over 120 patrons, and gaming/slots. Recent improvements include a newer roof, updated bathrooms, and overhead doors enabling open-air dining, enhancing the property's appeal and functionality. The asking price for this remarkable opportunity is $499,900. The current owner is offering a 30-day consultation period to ensure a seamless transition for the new owner, including maintaining the existing phone number and sharing recipes. This prime location on a busy corner in downtown Rockford offers significant potential for growth and success. The property is situated in Winnebago County.

• Alternative Use

  Use

  Valuation

  Residential

  $293,270

  Hospitality

  $268,634

  Educational

  $223,500

  Medical

  $231,187

  Retail

  $347,667

Location Insight

City

Rockford

County

Winnebago

State

Illinois

Latitude

42.2675

Longitude

-89.0875

CBSA code

40420

CBSA name

ROCKFORD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].