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Two-Tenant Industrial Property

3405 Lonergan Drive, Rockford, IL 61109

For Sale
$695,000

Commercial Sale, Rockford, IL

Property Size12,900 SF
Lot Size1.12 Acres
Price / SF$53.88
Days on Market98

Property Features for 3405 Lonergan Drive

General Information

Property type Commercial Sale
Property subtype Other
Zoning INDUS
Directions Located just north of US20 and S Alpine Rd exit. Take Sandy Hollow Rd one block east to Lonergan Dr, north to property.
Subdivision Rockford
Standard status Active
APN 1605451009
Lot size 1.12 Acres

Additional Details

Tenant in Place Yes
Property Use Industrial

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 15138

Building Details

Year built 1975
Floors in Building 1
Number of units 2
Building materials Block
Roof type Rubber, Membrane
Listing Agency: Charles Rutenberg Realty of IL
Listed By: DJ Campbell
Added: Aug 7 Changed: Oct 24 Last Checked: Nov 12 at 7:06PM
MLS# 12727929

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

The 12,900-square-foot industrial building sits on 1.12 acres and is configured for two tenants. Constructed in 1975, it has block construction and a membrane and rubber roof. The property is zoned INDUS and is fully occupied. Its reported cap rate is 9.8%.

Key Highlights

  • 12,900‑square‑foot industrial building on 1.12 acres
  • Fully occupied by two tenants
  • 9.8 cap rate

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Industrial properties

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Restaurant Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

373
Businesses Nearby

Demographics for 61109, IL

26,958
Population
11,829
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
38.5 sq mi
ZIP Area
700
Density / Sq Mi
$61,702
Median Household Income
$38,375
Median Earnings
$916
Median Rent
$124,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Industrial properties in Rockford

Jul
Aug
Sep
Oct

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Industrial property - Zoned INDUS, the block facility is occupied by two tenants.
Where is this industrial property located?
The property is located at 3405 Lonergan Drive Rockford, IL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 12,900‑square‑foot industrial building on 1.12 acres; Fully occupied by two tenants; 9.8 cap rate
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Includes: Price & PSF · Cap rate · Location · Zoning

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