Warehouse with Heavy
5701 Industrial Ave, Loves Park, IL 61111
For Sale
$2,100,000
Manufacturing and warehouse space includes dock-high and drive-in loading, with the current tenant expected to leave before closing.
Property Size34,434 SF
Lot Size1.46 Acres
Price / SF$60.99
Days on Market47
Property Features for 5701 Industrial Ave
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Clear Height
Dock-High Doors
Drive-In Doors
Power
Voltage
Three-Phase Power
Heavy Power
Additional Details
Highway Access
Amenities
Approximately 34,434-Square-Foot Manufacturing/Warehouse Situated on 1.46 Acres
Featuring 18 to 23-Feet Clear Height, Two Dock Doors, Two Drive-In Doors, and Three-Phase Heavy Power with 2,000a/1,200v
Priced Below Replacement Cost | Available for Owner-Use and/or Value-Add Lease-Up Opportunity | Current Tenant to Vacate Prior to Closing
Proximity to Major Transportation Corridors I-90 and U.S. Route 20 | 20 Minutes from Greater Rockford International Airport
Outperforming Submarket with 3.4 Percent Vacancy Rate Among Comparables Under 50,000 Square Feet
Building Details
Building Size
Year Built
Listing Agency:
Chicago Downtown Office
Listed By:
Timothy Sullivan
(312) 624-7078
Source:
Marcusmillichap
Added: Sep 26
Changed: Nov 6
Last Checked: Nov 10 at 5:10AM
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 Chicago Downtown Office
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Investment Insights
Based on property information with market context.
Built in 1985, this 34,434-square-foot property combines manufacturing and warehouse space on 1.46 acres. The building offers 18 to 23 feet of clear height, two dock-high doors, two drive-in doors, and three-phase power rated at 2,000 amps and 1,200 volts. The current tenant is expected to vacate before closing, leaving the space available for owner occupancy or lease-up.
At 5701 Industrial Ave in Loves Park, Illinois, the property is near I-90 and U.S. Route 20. Greater Rockford International Airport is a 20-minute drive away.
At 5701 Industrial Ave in Loves Park, Illinois, the property is near I-90 and U.S. Route 20. Greater Rockford International Airport is a 20-minute drive away.
Key Highlights
- 34,434 square feet of manufacturing and warehouse space on 1.46 acres
- 18 to 23 feet of clear height
- Two dock‑high doors and two drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,062
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,321,240
$3.3M
Cap Rate 7%
$2,372,314
$2.4M
Cap Rate 9%
$1,845,133
$1.8M
Market Conditions
NOI Build-Up for 34,434 SF
Gross rent
$256.2K $7.44/SF
− Vacancy
−$19.0K −$0.55/SF
EGI
$237.2K $6.89/SF
− OpEx
−$71.2K −$2.07/SF
NOI
$166.1K $4.82/SF
Area
Winnebago County, IL
Vacancy
7.40%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,321,240
Cap Rate 7%
$2,372,314
Cap Rate 9%
$1,845,133
Alternative Uses
Best Use
Warehouse
$2.88M
$2.52M – $3.36M
NOI $201,646 @ 7.0% cap · market cap 9.60%
Second Best
Industrial
$2.37M
$2.08M – $2.77M
NOI $166,062 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$9.39M
$8.21M – $10.95M
NOI $657,001 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
23 ft
Clear height
2
Dock-high doors
2
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Well-served
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Warehouses in Winnebago County
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - Manufacturing and warehouse space includes dock-high and drive-in loading, with the current tenant expected to leave before closing.
Where is this warehouse located?
The property is located at 5701 Industrial Ave Loves Park, IL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 34,434 square feet of manufacturing and warehouse space on 1.46 acres; 18 to 23 feet of clear height; Two dock‑high doors and two drive‑in doors
