Product
Expired Industrial
for Sale
| Catylist Listing ID: |
30706368 |
| Property Subtypes: |
Free-Standing, Mixed Use, Light Industrial
|
| Building Size (RSF): |
53,000 SF
|
| Gross Land Area: |
5.38 Acres
|
| Sale Price: |
$975,000 |
| Unit Price: |
$18.40 PSF |
| Property Use Type: |
Investment |
| Building Name: |
Morgan |
| Usable Size (USF): |
53,000 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/29/2021 |
Overview / Comments
This is a multiple parcel offering consisting of 10 buildings, covering 53,000 sq ft more or less of mixed-use tenants all set on 5.38 acres of land. Located within minutes of the I90 entrance on Rt 173.
Includes 10462 Product Drive, 10488 Product Drive, 10502 Product Drive, 10524 Product Drive, 10540 Product Drive, and 10568 Product drive. Buildings include cement block construction and steel exterior clear span buildings. There are 24 units with a monthly gross rent of over $19,000. The Tenants include light industrial machine tooling, auto repair, storage, hobby units and small repair shops.
This is that one-of-a-kind opportunity where the location, diversity and number of tenants can provide a level of security for the investment.
|
Financials
| Finance Data Year |
2020 |
| Real Estate Taxes - Annual($) |
$36,000 (Annual) |
| Potential Rental Income |
$228,000 (Annual) |
Additional Details
| Nearest MSA: |
Rockford |
| County: |
Winnebago |
| Taxing Authority: |
Winnebago |
| Tax ID/APN: |
0817354015 |
| Zoning: |
INDUSTRIAL |
| Airports: |
Chicago-Rockford International |
| Site Description: |
Mixed use with surface staorage. |
| Area Description: |
Mixed use industrial |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
10 |
| Number of Stories: |
1 |
| Property Condition: |
Fair |
| Roof Type: |
Gable |
| Construction/Siding: |
Metal Siding |
| Exterior Description: |
Block and steel construction |
| Parking Type: |
Surface |
| Parking Description: |
On site |
| Heat Type: |
Natural Gas |
| Heat Source: |
Ceiling Units |
| Air Conditioning: |
Other |
| Lighting: |
Other |
| Zoning Description: |
Zoned Light Industrial |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Fee Simple |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,952 |
40,706 |
95,798 |
| Median Age: |
42.57 |
38.57 |
40.97 |
| Households: |
1,844 |
15,469 |
37,984 |
|
© Copyright 2001-2020 Catylist. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Rockford Area REALTORS nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
|
