Self Storage Lease-Up
For Sale
Contact for pricing
1034 Short Elm St, Rockford, IL 61102
Elm Storage is a self-storage facility with a functional unit mix and ancillary income streams, currently positioned for lease-up.
Property SizeContact for details
Days on Market159
Property Features for 1034 Short Elm St
General Information
Standard status
Active
Property subtype
Industrial, Self Storage
Occupancy
31%
Investment Type
Value Add
Building Details
Units
403
Listing Agency:
Argus Self Storage Advisors
Listed By:
Cole Carosella · License #CO 100076453
Source:
Crexi
Added: Apr 2
Changed: Sep 2
Last Checked: Sep 7 at 7:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Argus Self Storage Advisors
Investment Insights
Based on property information with market context.
Elm Storage is a self-storage facility presented as a lease-up opportunity for investors seeking operational and revenue optimization. The property features a functional unit mix designed to accommodate a range of tenant needs. In addition to in-place storage rents, the facility generates ancillary income through tenant insurance, retail sales, U-Haul, and administrative fees.
Located in Rockford, Illinois, Elm Storage operates at occupancy and achieved rental levels below the benchmarks referenced in the offering materials. The remarks cite recent city zoning changes that have significantly restricted new self-storage development, which the property presents as a factor limiting future supply in key commercial corridors.
The surrounding demand drivers are described in the offering as supported by a dense population base and a high percentage of renter households. The materials also point to several local catalysts, including the expansion of Rock Valley College, the Coleman Yards project, a soon-to-open Chicago–Rockford rail connection, and the Monarch data center development, as potential supports for long-term storage demand.
Located in Rockford, Illinois, Elm Storage operates at occupancy and achieved rental levels below the benchmarks referenced in the offering materials. The remarks cite recent city zoning changes that have significantly restricted new self-storage development, which the property presents as a factor limiting future supply in key commercial corridors.
The surrounding demand drivers are described in the offering as supported by a dense population base and a high percentage of renter households. The materials also point to several local catalysts, including the expansion of Rock Valley College, the Coleman Yards project, a soon-to-open Chicago–Rockford rail connection, and the Monarch data center development, as potential supports for long-term storage demand.
Key Highlights
- Elm Storage is a self‑storage facility in Rockford, Illinois, positioned for lease‑up.
- Ancillary income streams include tenant insurance, retail sales, U‑Haul, and administrative fees.
- Recent city zoning changes have significantly restricted new self‑storage development, limiting future supply.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
937
Businesses Nearby
Explore this area
Business Placement
Demographics for 61102, IL
17,281
Population
7,386
Households
2.3
Avg Household Size
36
Median Age
8%
College-Educated
78%
High-School Grad
34.1 sq mi
ZIP Area
507
Density / Sq Mi
$42,506
Median Household Income
$28,790
Median Earnings
$850
Median Rent
$95,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Elm Storage is a self-storage facility with a functional unit mix and ancillary income streams, currently positioned for lease-up.
Where is this self storage facility located?
The property is located at 1034 Short Elm St Rockford, IL.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Elm Storage is a self‑storage facility in Rockford, Illinois, positioned for lease‑up.; Ancillary income streams include tenant insurance, retail sales, U‑Haul, and administrative fees.; Recent city zoning changes have significantly restricted new self‑storage development, limiting future supply.
