Heated Storage-Manufacturing
1801 Griswold Avenue Sterling, IL 61081
1801 Griswold Avenue, Sterling, IL, 61081
$795,000
For Sale
$795,000
COMMERCIAL - Sterling, IL
Property Size10,780 SF
Lot Size5.35 Acres
Price / SF$73.75
Days on Market243
Property Features for 1801 Griswold Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 11173260100000
- Lot size
- 5.35 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 4166
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2008
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Concrete
- Building materials
- Concrete, Block
Listing Agency
RE/MAX Sauk Valley
(815) 625-3722
110 E Lynn Blvd., Sterling, IL
Listed by
Tim McCaslin · License #471002068
(815) 625-3722
Added: Nov 17, 2025 Checked: Jul 18 at 10:06 am
MLS# 12519300
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale commercial building offers a combined office/work room area and heated storage-manufacturing space. The layout includes 3,220 square feet of office/work room space and 7,560 square feet of heated storage-manufacturing space. The facility features 10' concrete floors and a 12' door, and the main roof was replaced in 2021.
Set on a 5.35-acre fenced site at 1801 Griswold Avenue in Sterling, Illinois, the property is zoned COMMR. The fenced configuration supports a wide range of operational needs where secure storage or controlled access is important.
The building is well suited for buyers seeking an owner-user or compatible commercial operation that requires both functional workplace space and a heated warehouse/manufacturing component. With its established interior configuration, durable concrete floor system, and truck-access door height, it can serve manufacturing-related workflows, storage-focused uses, or other commercial applications within the COMMR zoning framework.
Set on a 5.35-acre fenced site at 1801 Griswold Avenue in Sterling, Illinois, the property is zoned COMMR. The fenced configuration supports a wide range of operational needs where secure storage or controlled access is important.
The building is well suited for buyers seeking an owner-user or compatible commercial operation that requires both functional workplace space and a heated warehouse/manufacturing component. With its established interior configuration, durable concrete floor system, and truck-access door height, it can serve manufacturing-related workflows, storage-focused uses, or other commercial applications within the COMMR zoning framework.
Key Highlights
- Over 10,000 SF building with 3,220 SF office/work room and 7,560 SF heated storage‑manufacturing space
- Heated storage‑manufacturing area features 10' concrete floors and a 12' door
- New roof in 2021
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.9k | $7.50 |
| − Vacancy | −$4.4k | −$0.41 |
| EGI | $76.4k | $7.09 |
| − OpEx | −$11.5k | −$1.06 |
| NOI | $64.9k | $6.02 |
10,780 SF · lease $7.50/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$1.21M
$1.06M – $1.41M
NOI $84,454 @ 7.0% cap · market cap 10.62%
Second Best
Warehouse
$927.8K
$811.8K – $1.08M
NOI $64,943 @ 7.0% cap · market cap 8.17%
Theoretical Best
Specialty Retail
$2.02M
$1.76M – $2.35M
NOI $141,164 @ 7.0% cap · market cap 17.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Creative Cuisine Catering — 1741 Industrial Dr # 24, Sterling, IL 61081
- Brother Daryl's — 406 Ave G, Sterling, IL 61081
FAQs
What type of property is this?
Flex space - Includes heated storage-manufacturing space, office/work room area, and a fenced site on a COMMR-zoned property.
Where is this flex space located?
The property is located at 1801 Griswold Avenue Sterling, IL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Over 10,000 SF building with 3,220 SF office/work room and 7,560 SF heated storage‑manufacturing space; Heated storage‑manufacturing area features 10' concrete floors and a 12' door; New roof in 2021
