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    OFF-MARKET
    Warehouses

    1201 Adams Ave, Freeport, IL 61032

    328,723 SF 18 ac lot Built 1925
    Property ID
    Property summary
    AI-generated overview

    This Freeport, Illinois industrial property offers 161,166 square feet of immediately available space, part of a larger 328,723 square foot building. The property is classified as Class C and features 17 loading docks, 4 drive-ins, and ample parking for 400 vehicles, ideal for accommodating significant truck and trailer traffic. Units are divisible down to 10,000 square feet, providing flexibility for various business needs. Built in 1925 and renovated in 1989, the building sits on 18 acres of land and is zoned for light industrial use. Located in the Freeport submarket of Stephenson County, this strategically advantageous location provides easy access to major transportation arteries including US Route 20, I-39, and I-90, facilitating efficient distribution to Rockford, IL, Madison, WI, Davenport, IA, and the Quad Cities. The property boasts heavy power availability and is situated within the Northwest Illinois Enterprise Zone, potentially opening doors to attractive tax incentives. The property taxes are $0.17 per square foot. This is a rare opportunity to secure substantial industrial space in a prime location with excellent infrastructure and potential cost savings.

    Property profile
    Verified
    Property type Warehouses
    Year built 1925
    Total area 328,723 SF
    Lot 18 ac (784,080 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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