About 510 E State Street
Rare Downtown Investment Opportunity: Historic Income-Producing Live/Work Asset in Rockford's Block 5 Price: $685,000 Own a commanding piece of local history with this masterfully restored 1900 urban commercial property, perfectly situated in the absolute heart of Downtown Rockford's vibrant "Block 5." Combining exceptional architectural character with modern, high-yield revenue streams, this versatile property offers an incredible live/work setup or a turnkey addition to your investment portfolio. The property is even available fully furnished, allowing you to step right into an active, lucrative operation from day one. Property Highlights Prime "Block 5" Location: Enjoy maximum foot traffic and high visibility in Rockford's most dynamic downtown district, surrounded by popular dining, shopping, and entertainment. Turnkey Airbnb Revenue: Includes 2 visually stunning apartments actively operating as high-income-producing short-term rentals. Both spaces feature premium finishes and rave guest reviews. Magnificent Owners' Loft: A unique, expansive loft space boasting classic urban character, soaring ceilings, and original historic details. Premium Urban Amenities: A rare large back deck perfect for private relaxation or entertaining, plus a coveted 2-car detached garage-a massive premium for downtown living. Commercial Component The street-level commercial space anchors the building with historic brickwork, large display windows, and an open layout adaptable to a boutique retail shop, high-end salon, professional offices, or a trendy cafe. Tap into the energy of downtown's revitalized core and draw in both local regulars and weekend travelers. Residential Living & Luxury Short-Term Rentals The Loft: An architectural masterpiece featuring a seamless blend of historic grit and modern luxury. Perfect for an owner-occupant or a premium executive rental. The Apartments: Meticulously designed with high-end aesthetics, these two units are fully optimized for short-term rentals. They consistently attract top-tier nightly rates from traveling professionals, weekend tourists, and event-goers. Property Specifications Year Built: 1900 (Beautifully restored and modernized) Parking: 2-car garage + ample district parking Outdoor Space: Expansive rear deck Inclusions: Possibility of purchasing completely furnished (negotiable) Don't miss this incredibly rare chance to own a high-performing asset where historic charm meets modern profitability. Schedule your private tour today to experience Block 5's premier mixed-use listing.
Features of 510 E State Street
| MLS® # | 12774657 |
|---|---|
| Price | $685,000 |
| Bathrooms | 0.00 |
| Year Built | 1900 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 510 E State Street |
|---|---|
| Area | Rockford |
| City | Rockford |
| County | Winnebago |
| State | IL |
| Zip Code | 61104 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Cooling | Central Air |
|---|---|
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Has Basement | No |
Exterior
| Exterior | Brick |
|---|
Additional Information
| Days on Market | 7 |
|---|---|
| Zoning | COMMR |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Realty Signature |
|---|