Warehouse with Heavy
New
For Sale
$2,100,000
5701 Industrial Ave, Loves Park, IL 61111
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 Market2
Property Features for 5701 Industrial Ave
General Information
Standard status
Active
Size
34,434 SF
Lot size
1.46 Acres
Property subtype
Warehouse
Warehouse & Industrial
Clear Height
23 ft
Dock-High Doors
2
Drive-In Doors
2
Power
2,000 amps
Voltage
1,200 V
Three-Phase Power
Yes
Heavy Power
Yes
Additional Details
Highway Access
Yes
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
34,434 SF
Year Built
1985
Listed By:
Timothy Sullivan · License #License(s): IL: 475.200518
(312) 624-7078
Source:
Marcusmillichap
Added: Sep 26
Last Checked: Sep 26 at 2:32PM
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 Timothy Sullivan
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$166,062
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 · market cap 31.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
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
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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
