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2136 12Th St Rockford, IL 61104

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379,137 SF Warehouse, High Yield

Property size:
379,137 SF

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

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Listing Contact
Peter Doughty
Peter Doughty

Listing Agency: Marcus & Millichap Chicago Downtown Listing Agent: Peter Doughty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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 Profile Insight Report Location Intelligence

Current Use by Public Records

Riverside Spring Co Industrial Manufacturer Paoli Storage Storage Facility Midwest Mailworks Inc Postal Service F & F Screw ... Building Supply Anything Wood Refinishing Home Decor Store

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

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.
(630) 501-8656 Call to check price and availability
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