Flex Office and Industrial
For Sale
Contact for pricing
4055 Steele Dr, Machesney Park, IL 61115
Industrial-zoned flex/office property with approximately 13,000sf occupied by a corporate credit tenant.
Property Size13,000 SF
Price / SF$226.92
Days on Market268
Property Features for 4055 Steele Dr
General Information
Standard status
Active
Size
13,000 SF
Property subtype
INDUSTRIAL
Building Details
Tenancy
Single
Listing Agency:
Keller Williams Realty Signature LP2
(815) 200-6004
Listed By:
Nathan Bryant, CCIM · License #471013468
(815) 218-1371
Source:
Moodyscre
Added: Feb 3
Changed: Oct 26
Last Checked: Oct 28 at 5:02AM
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 Keller Williams Realty Signature LP2
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Investment Insights
Based on property information with market context.
Positioned at 4055 Steele Drive in Machesney Park, this flex/office and industrial property includes approximately 13,000sf currently occupied by a corporate credit tenant, offering immediate income for an investor or owner-user.
The property is zoned for industrial use and is described as adaptable to a broad range of activities, including light industrial, distribution, and back-office operations.
For sale, the building’s flex-office configuration and industrial zoning make it suitable for users looking for a space that can support both operational and office needs.
The property is zoned for industrial use and is described as adaptable to a broad range of activities, including light industrial, distribution, and back-office operations.
For sale, the building’s flex-office configuration and industrial zoning make it suitable for users looking for a space that can support both operational and office needs.
Key Highlights
- Industrial‑zoned flex/office property with approximately 13,000 SF occupied by a tenant
- Approximately 13,000 SF currently occupied by a corporate credit tenant
- Zoned for industrial use with flexibility for light industrial, distribution, or back‑office operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,173
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,123,460
$2.1M
Cap Rate 7%
$1,516,757
$1.5M
Cap Rate 9%
$1,179,700
$1.2M
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$132.6K $10.20/SF
− Vacancy
−$7.7K −$0.59/SF
EGI
$124.9K $9.61/SF
− OpEx
−$18.7K −$1.44/SF
NOI
$106.2K $8.17/SF
Area
Rockford, IL
Vacancy
5.80%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,123,460
Cap Rate 7%
$1,516,757
Cap Rate 9%
$1,179,700
Alternative Uses
Best Use
Warehouse
$1.52M
$1.33M – $1.77M
NOI $106,173 @ 7.0% cap · market cap 3.60%
Second Best
Flex RnD
$1.36M
$1.19M – $1.59M
NOI $95,316 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$3.46M
$3.03M – $4.03M
NOI $242,050 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial-zoned flex/office property with approximately 13,000sf occupied by a corporate credit tenant.
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: Industrial‑zoned flex/office property with approximately 13,000 SF occupied by a tenant; Approximately 13,000 SF currently occupied by a corporate credit tenant; Zoned for industrial use with flexibility for light industrial, distribution, or back‑office operations
