Leased Warehouse
For Sale
Contact for pricing
2181 Harlem Rd, Loves Park, IL 61111
Two masonry buildings offer established occupancy through April 30, 2028, with tenants covering taxes, insurance, and CAM.
Property Size8,020 SF
Price / SF$83.17
Days on Market50
Property Features for 2181 Harlem Rd
General Information
Standard status
Active
Size
8,020 SF
Property subtype
RETAIL
Listing Agency:
Dickerson Nieman Commercial
(815) 877-5995
Listed By:
George Licari
(815) 978-4534
Source:
Moodyscre
Added: Aug 19
Changed: Sep 13
Last Checked: Oct 7 at 10:45AM
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 Dickerson Nieman Commercial
Investment Insights
Based on property information with market context.
This warehouse property comprises two separate masonry buildings, each containing 4,010 square feet and providing a combined 8,020 square feet of industrial space. Every building includes four overhead doors—three measuring 10' x 12' and one measuring 12' x 12'—supporting warehouse, contractor, service, and other industrial functions.
The existing lease runs through April 30, 2028. The tenant is responsible for property taxes, insurance, and CAM, creating a net-lease structure with defined landlord operating obligations. The two-building layout provides distinct industrial facilities within one property.
The existing lease runs through April 30, 2028. The tenant is responsible for property taxes, insurance, and CAM, creating a net-lease structure with defined landlord operating obligations. The two-building layout provides distinct industrial facilities within one property.
Key Highlights
- 8,020 SF total building area across two separate buildings
- Two 4,010‑square‑foot masonry warehouse buildings
- Each building includes three 10' x 12' overhead doors and one 12' x 12' door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,965
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$939,300
$939.3K
Cap Rate 7%
$670,929
$670.9K
Cap Rate 9%
$521,833
$521.8K
Market Conditions
NOI Build-Up for 8,020 SF
Gross rent
$59.7K $7.44/SF
− Vacancy
−$4.4K −$0.55/SF
EGI
$55.3K $6.89/SF
− OpEx
−$8.3K −$1.03/SF
NOI
$47.0K $5.86/SF
Area
Winnebago County, IL
Vacancy
7.40%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$939,300
Cap Rate 7%
$670,929
Cap Rate 9%
$521,833
Alternative Uses
Best Use
Warehouse
$670.9K
$587.1K – $782.8K
NOI $46,965 @ 7.0% cap · market cap 7.04%
Second Best
Industrial
$552.5K
$483.5K – $644.6K
NOI $38,677 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $153,022 @ 7.0% cap · market cap 22.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 61111, IL
23,028
Population
10,248
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
92%
High-School Grad
14.2 sq mi
ZIP Area
1,622
Density / Sq Mi
$58,391
Median Household Income
$42,751
Median Earnings
$1,101
Median Rent
$143,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- AAdditional Storage — 7327 N Alpine Rd, Loves Park, IL 61111
- Loves Park Storage — 7903 Forest Hills Rd, Loves Park, IL 61111
- J & J Storage — 2111 Harlem Rd, Loves Park, IL 61111
Frequently Asked Questions
What type of property is this?
Warehouse - Two masonry buildings offer established occupancy through April 30, 2028, with tenants covering taxes, insurance, and CAM.
Where is this warehouse located?
The property is located at 2181 Harlem Rd Loves Park, IL.
What is the asking price?
The asking price for this property is $667,000.
What are key features of this property?
This property features: 8,020 SF total building area across two separate buildings; Two 4,010‑square‑foot masonry warehouse buildings; Each building includes three 10' x 12' overhead doors and one 12' x 12' door
