Self Storage Lease-Up
1034 Short Elm St Rockford, IL 61102
For Sale
Contact for pricing
Elm Storage is a self-storage facility with a functional unit mix and ancillary income streams, currently positioned for lease-up.
Days on Market113
Property Features for 1034 Short Elm St
General Information
- Standard status
- Active
- Property subtype
- Industrial, Self Storage
Listing Agency:
Argus Self Storage Advisors
Listed By:
Cole Carosella · License #CO 100076453
Source:
Crexi
Added: Apr 2
Changed: Jul 22
Last Checked: Jul 23 at 7:00AM
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
Location Intelligence
Current Use by Public Records
815 STORAGE
Storage Facility
U-Haul Neighborhood Dealer
Car Rental Facility
Rockford Storage
Storage Facility
FAQs
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.
