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    4750 Hiawatha Dr Rockford, IL 61103

    Sponsored
    For Sale
    $4,531,500

    1-Story Warehouse, Excellent Location

    Property size:
    100,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This 100,700-square-foot warehouse, situated on a 19.75-acre lot in Rockford, Illinois, presents a compelling investment opportunity. Built in 1973 and renovated in 1996, the Class C industrial property boasts 10 dock-high doors, a generous 18-foot ceiling height, and ample parking for 225 vehicles. The property features a sprinkler system and 40' column spacing, enhancing its functionality and safety. Zoned I-1, this single-story building offers significant potential for various industrial uses. Its strategic location within Rockford's Industrial Park provides exceptional access to major transportation arteries. Less than a mile from Route 2 and a mile from Route 251, with I-90 just 7 miles away, this location ensures efficient distribution and logistics. The high daily traffic count of over 17,000 vehicles on Route 2 offers excellent visibility and signage opportunities. The property is currently vacant and available for sale at $4,531,500 ($45 per square foot) with an occupancy date of October 29, 2023. The sale is a NNN lease type. This substantial warehouse offers a rare chance to acquire a well-located, sizable industrial space in a thriving market.

    Property Features for 4750 Hiawatha Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    100,700 SF
    Class
    C
    Lot Size
    860,310 SF

    Building Details

    Year Built/Renovated
    1973/1996
    Buildings
    1
    Stories
    1

    HighLights

    • 100,700 SF warehouse on 19.75 acres in Rockford, IL.
    • 10 dock‑high doors, 18' clear height, and 40' column spacing.
    • Ample parking (225 vehicles) and sprinkler system.
    • Zoned I‑1, currently vacant, available for $4,531,500 ($45/SF).
    • NNN lease, occupancy October 29, 2023.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rockford Mercyhealth Sportscore1 ... Sports Club Midcor Supply Construction Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.068714088231
    Latitude
    42.330106828687

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    FAQs

    What type of property is this?
    Distribution property - 1-Story Warehouse, Excellent Location
    Where is this distribution property located?
    The property is located at 4750 Hiawatha Dr Rockford, IL.
    What is the asking price?
    The asking price for this property is $4,531,500.
    What are key features of this property?
    This property features: 100,700 SF warehouse on 19.75 acres in Rockford, IL.; 10 dock-high doors, 18' clear height, and 40' column spacing.; Ample parking (225 vehicles) and sprinkler system.
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    4750 Hiawatha Dr Rockford, IL 61103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4750 Hiawatha Dr Rockford, IL 61103
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