4750 Hiawatha Dr Rockford, IL 61103
- Industrial properties
- 13.74 lot acres
Current Use by Public Records
- Rockford Mercyhealth Sportscore1 Lacrosse / Sports Club
- Midcor Supply / Construction Company
Property Details for 4750 Hiawatha Dr
- Lot size
- 13.74 lot acres
- Zone code
- I1
- Property type
- Industrial properties
- APN
- 07-36-327-001
- APU
- 736327001
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -89.0704
- Latitude
- 42.3291
- CBSA code
- 40420
- CBSA name
- ROCKFORD, IL METROPOLITAN STATISTICAL AREA
