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0 Beds
7,822 sqft

$685,000

510 E State Street, Rockford IL, 61104

Price per sqft$87.57
Built in1900
Property size7,822 sqft
Property typeOther
Listed by Maureen McCarty with Keller Williams Realty Signature 815-262-7837

Overview

Active

Listed Oct 2, 2026

Updated 34h ago

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.

$4,557/mo

Est. mortgage payment based on a $685,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12774657

Interior Features

Bedrooms
0
Fireplace
Yes
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.1 Acres

Other Property Details

Taxes
$7,070
Tax Frequency
Annually
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Listed by Maureen McCarty with Keller Williams Realty Signature 815-262-7837

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Romolo Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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Data is refreshed every 3 hours. Listing last updated 6:44 AM UTC on 10/9/2026. 

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