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    2136 12Th St Rockford, IL 61104

    Sponsored
    For Sale
    $4,200,000

    379,137 SF Warehouse, High Yield

    Property size:
    379,137 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    328
    This exceptional multi-tenant industrial property in Rockford, IL, presents a compelling value-add opportunity. The 379,137 square-foot warehouse campus sits on 28.61 acres and boasts a strong 93.94% occupancy rate, generating a substantial net operating income (NOI) of $651,703. Currently priced at $4,200,000, this Class B property offers a highly attractive 15.52% capitalization rate. The diverse tenant base includes both local and national businesses, occupying spaces ranging from 500 to 91,000 square feet, with many on short-term leases allowing for significant rental increases. Recent capital expenditures have included roof replacements, new drive-in doors, and repainting, enhancing the property's value. The property's location provides easy access to major transportation routes. Significant vacant space presents a clear path to increase NOI through additional leasing, and the potential for outdoor storage further enhances the investment potential. The current average rental rate is $2.89 per square foot gross, and the list price equates to $11.08 per square foot. This offering represents a rare chance to acquire a high-yield industrial asset with substantial upside potential. The property's APN is 11-36-327-012; 11-36-330-013. The property is located at 2136 12th St, Rockford, IL 61104.

    Property Features for 2136 12Th St

    General Information

    Property type
    Distribution properties
    Square Feet
    379,137 SF
    Class
    B
    Lot Size
    1,246,252 SF

    HighLights

    • $4,200,000 asking price for a value‑add industrial property.
    • 379,137 square feet of Class B multi‑tenant warehouse space.
    • 15.52% cap rate with a $651,703 NOI and 93.94% occupancy.
    • Located on a 28.61‑acre lot at 2136 12th St, Rockford, IL 61104 (APN: 11‑36‑327‑012; 11‑36‑330‑013).
    • Average rental rate of $2.89/SF gross, with potential for rent increases due to short‑term leases and vacant space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Riverside Spring Co Manufacturer Paoli Storage Storage Facility Midwest Mailworks Inc Mailing Service F & F Screw ... Hardware Store Anything Wood Refinishing Antique Furniture Restoration Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.0686864
    Latitude
    42.2441889

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    FAQs

    What type of property is this?
    Distribution property - 379,137 SF Warehouse, High Yield
    Where is this distribution property located?
    The property is located at 2136 12Th St Rockford, IL.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: $4,200,000 asking price for a value-add industrial property.; 379,137 square feet of Class B multi-tenant warehouse space.; 15.52% cap rate with a $651,703 NOI and 93.94% occupancy.
    Request Owner's contact information
    2136 12Th St Rockford, IL 61104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2136 12Th St Rockford, IL 61104
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