Two-Tenant NNN Medical Office
For Sale
Contact for pricing
1747 Henry Luckow Ln, Belvidere, IL 61008
Built in 2015 for healthcare and physical therapy users with long-term leases and renewal options.
Property Size10,135 SF
Days on Market145
Property Features for 1747 Henry Luckow Ln
General Information
Standard status
Active
Size
10,135 SF
Property subtype
Retail, Office
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2015
Buildings
1
Building Size
10,135 SF
Tenancy
Multi
Listing Agency:
The Boulder Group
(847) 562-0003
Listed By:
Randy Blankstein · License #IL 471005983
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 29 at 3:21PM
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 The Boulder Group
Investment Insights
Based on property information with market context.
This 10,135-square-foot medical office property in Belvidere, Illinois, was constructed in 2015 for two healthcare-oriented tenants: Rockford Health Physicians and Athletico Physical Therapy. The fully leased asset is structured as a net-leased investment. Rockford Health has a 10-year lease with two 5-year renewal options and 2.5% annual rental escalations during the primary and renewal periods. Athletico has a 7-year lease with two 5-year renewal options and 2% annual escalations during those periods.
The property is positioned on Henry Luckow Lane northwest of the signalized intersection of State Street and Appleton Road. Those thoroughfares carry traffic counts exceeding 34,000 VPD, and State Street transitions into US-20 with direct access to downtown Rockford. More than 28,000 people live within a three-mile radius, while nearby retailers include McDonald’s, Culver’s, Arby’s, BMO Harris Bank, AutoZone, and O’Reilly Auto Parts.
Rockford Health is a subsidiary of MercyRockford Health System, rated A3 by Moody’s. Athletico provides physical therapy, orthopedic rehabilitation, sports medicine, and athletic training services.
The property is positioned on Henry Luckow Lane northwest of the signalized intersection of State Street and Appleton Road. Those thoroughfares carry traffic counts exceeding 34,000 VPD, and State Street transitions into US-20 with direct access to downtown Rockford. More than 28,000 people live within a three-mile radius, while nearby retailers include McDonald’s, Culver’s, Arby’s, BMO Harris Bank, AutoZone, and O’Reilly Auto Parts.
Rockford Health is a subsidiary of MercyRockford Health System, rated A3 by Moody’s. Athletico provides physical therapy, orthopedic rehabilitation, sports medicine, and athletic training services.
Key Highlights
- 10,135‑square‑foot medical office building constructed in 2015
- Fully leased two‑tenant net‑leased property
- Rockford Health lease includes a 10‑year term, two 5‑year renewal options, and 2.5% annual escalations
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Explore this area
Business Placement
Demographics for 61008, IL
33,747
Population
13,406
Households
2.5
Avg Household Size
40
Median Age
21%
College-Educated
83%
High-School Grad
84.3 sq mi
ZIP Area
400
Density / Sq Mi
$75,833
Median Household Income
$38,509
Median Earnings
$953
Median Rent
$185,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Built in 2015 for healthcare and physical therapy users with long-term leases and renewal options.
Where is this nnn property located?
The property is located at 1747 Henry Luckow Ln Belvidere, IL.
What are key features of this property?
This property features: 10,135‑square‑foot medical office building constructed in 2015; Fully leased two‑tenant net‑leased property; Rockford Health lease includes a 10‑year term, two 5‑year renewal options, and 2.5% annual escalations
