Machesney Park Flex/Office
For Sale
Contact for pricing
4055 Steele Dr., Machesney Park, IL 61115
Flex/office asset in Machesney Park with income potential.
Property Size30,090 SF
Price / SF$98.04
Days on Market241
Property Features for 4055 Steele Dr.
General Information
Standard status
Active
Size
30,090 SF
Class
B
Property subtype
Industrial
Zoning
IG
Occupancy
43%
Lease Type
Modified Gross
Building Details
Year Built
2002
Year Renovated
2017
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Bryant Commercial Group
Listed By:
Nathan Bryant · License #IL 471.013468
(815) 218-1371
Source:
Crexi
Added: Feb 6
Changed: Oct 2
Last Checked: Oct 4 at 9:26AM
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 Bryant Commercial Group
Investment Insights
Based on property information with market context.
Located in the commercial hub of Machesney Park, the property at 4055 Steele Drive offers an opportunity for investors and end-users. This flex/office asset provides immediate income and upside potential. The property is zoned for industrial use and is adaptable to light industrial, distribution, or back-office operations. The property size is 30090 square feet.
Key Highlights
- Strategic location in the thriving commercial hub of Machesney Park.
- High‑quality flex/office asset.
- Immediate income potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$220,620
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,412,400
$4.4M
Cap Rate 7%
$3,151,714
$3.2M
Cap Rate 9%
$2,451,333
$2.5M
Market Conditions
NOI Build-Up for 30,090 SF
Gross rent
$361.1K $12.00/SF
− Vacancy
−$21.7K −$0.72/SF
EGI
$339.4K $11.28/SF
− OpEx
−$118.8K −$3.95/SF
NOI
$220.6K $7.33/SF
Area
Rockford, IL
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,412,400
Cap Rate 7%
$3,151,714
Cap Rate 9%
$2,451,333
Alternative Uses
Best Use
Flex RnD
$3.15M
$2.76M – $3.68M
NOI $220,620 @ 7.0% cap · market cap 7.48%
Second Best
Industrial
$2.89M
$2.53M – $3.37M
NOI $202,382 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$8.00M
$7.00M – $9.34M
NOI $560,252 @ 7.0% cap · market cap 18.99%
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
577
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 61115, IL
22,599
Population
8,983
Households
2.5
Avg Household Size
41
Median Age
18%
College-Educated
91%
High-School Grad
10.6 sq mi
ZIP Area
2,132
Density / Sq Mi
$73,771
Median Household Income
$44,141
Median Earnings
$1,111
Median Rent
$160,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex/office asset in Machesney Park with income potential.
Where is this flex space located?
The property is located at 4055 Steele Dr. Machesney Park, IL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Strategic location in the thriving commercial hub of Machesney Park.; High‑quality flex/office asset.; Immediate income potential.
