NNN-Leased Property with Loading
1604 Regan Rd, Rock Falls, IL 61071
For Sale
New
Contact for pricing
A 12-year NNN lease and recently completed tenant improvements are in place.
Property Size40,862 SF
Price / SF$97.89
Days on Market4
Property Features for 1604 Regan Rd
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Dock-High Doors
Drive-In Doors
Listing Agency:
Colliers - Milwaukee
(414) 276-9500
Listed By:
Greg Anderson
(520) 275-6440
Source:
Moodyscre
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:42PM
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 Colliers - Milwaukee
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 40,862-square-foot property at 1604 Regan Rd is leased on a 12-year NNN term. Its loading configuration includes three docks and one drive-in door. A tenant improvement package was recently completed.
Located in Rock Falls, Illinois, the property is identified by its Regan Road address.
Located in Rock Falls, Illinois, the property is identified by its Regan Road address.
Key Highlights
- 40,862 square feet
- 12‑year NNN lease
- Three loading docks and one drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$246,168
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,923,360
$4.9M
Cap Rate 7%
$3,516,686
$3.5M
Cap Rate 9%
$2,735,200
$2.7M
Market Conditions
NOI Build-Up for 40,862 SF
Gross rent
$306.5K $7.50/SF
− Vacancy
−$16.9K −$0.41/SF
EGI
$289.6K $7.09/SF
− OpEx
−$43.4K −$1.06/SF
NOI
$246.2K $6.02/SF
Area
Whiteside County, IL
Vacancy
5.50%
Lease Rate
$7.50 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,923,360
Cap Rate 7%
$3,516,686
Cap Rate 9%
$2,735,200
Alternative Uses
Best Use
Warehouse
$3.52M
$3.08M – $4.10M
NOI $246,168 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.64M
$6.69M – $8.92M
NOI $535,088 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
3
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 61071, IL
13,389
Population
6,612
Households
2
Avg Household Size
45
Median Age
17%
College-Educated
90%
High-School Grad
72.5 sq mi
ZIP Area
185
Density / Sq Mi
$57,909
Median Household Income
$40,698
Median Earnings
$752
Median Rent
$104,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - A 12-year NNN lease and recently completed tenant improvements are in place.
Where is this nnn property located?
The property is located at 1604 Regan Rd Rock Falls, IL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 40,862 square feet; 12‑year NNN lease; Three loading docks and one drive‑in door
