2136 12Th St Rockford, IL 61104
Multi-tenant industrial property with value-add potential in Rockford, IL.
Property size:
393,181 SFLot size:
27.60 AcresProperty Features for 2136 12Th St
General Information
- Size
- 393,181 SF
- Lot size
- 27.60 Acres
Source:
Moodyscre
Listing Agent: Peter Doughty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Rockford Industrial Value-Add Opportunity
This multi-tenant industrial property presents a value-add opportunity. The property offers a low basis below replacement cost, listed at $12.72 per square foot. The average rental rate is $2.76 per square foot gross. It features a 13.05% cap rate on in-place income. There is potential for increased net operating income through leasing available space and potential outdoor storage. The property is located in Rockford, IL. The property size is 393181 square feet. The vacancy rate for industrial space between 10,000 and 100,000 square feet within a 5-mile radius is 2.9%.
Property Profile
Insight Report
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
Similar Places Nearby
G & S Machinery Inc., National Business & Industrial Center, Paoli Storage, 11th Street Self Storage, Meiborg Warehousing
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -89.0687601
- Latitude
- 42.246361
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - Multi-tenant industrial property with value-add potential in Rockford, IL.
Where is this warehouse located?
The property is located at 2136 12Th St Rockford, IL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: - High yield offering with a 13.05% cap rate on in-place income; - Low basis offering below replacement cost at a list price of $12.72/SF; - Multi-tenant true value-add industrial opportunity