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    FOR LEASE
    Commercial land

    5242 28Th Ave, Rockford, IL 61109

    1.06 ac lot
    Entity Owned 24-yr Hold ~ Est. High Equity
    Property ID
    US28-0709408
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 5242 28th Ave in Rockford, Illinois, 61109, offers a total of 45,000 square feet of warehouse space within a multi-tenant building. Currently, there are 14,000 square feet of vacant space available, divisible into units ranging from a minimum of 5,042 square feet to a maximum contiguous space of 6,834 square feet. The building features desirable amenities including 10' to 12'6" ceiling heights, providing ample vertical space for storage and operations. Loading and unloading is facilitated by two exterior loading docks and one drive-in door. The property sits on a sizable 3-acre lot within the Eastrock Industrial Park, offering convenient access and ample parking with approximately 30 spaces available. The zoning is designated L1 - Light Industrial, making it suitable for a variety of uses. The building also includes office space available on the first and/or lower level, totaling 5,024 square feet, and a shared dock and restroom area of 2,214 square feet. The property enjoys excellent access to major transportation routes, with proximity to S. Alpine Rd./bypass 20 Interchange, providing easy connections to I-39 and I-90. This prime location and versatile space make this an ideal opportunity for businesses seeking efficient and well-equipped warehouse facilities in Rockford, Illinois.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 1.06 ac (46,174 SF)
    Zoning code I1
    APN 16-04-151-020
    UPID US28-0709408
    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
    AI Approach AI
    by Request
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    Owner & transaction history
    M & F Development Co · 24 yrs held
    M & F Development Co
    since 2002
    7 recorded transactions
    2024
    2013
    2003
    2002
    $800,000
    1969
    1969
    1969
    Zoning & alternative use
    I1 · Rockford, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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