Industrial Portfolio - 16650 W. Commercial St., Mt. Carroll, IL

Industrial for Sale
Catylist Listing ID: 30667246
Property Subtypes: Free-Standing, Manufacturing, Light Industrial, Self Storage, Warehouse/Distribution, Other
Building Size (RSF): 11,000 SF
Gross Building Area: See Agent
Gross Land Area: 2.29 Acres
Sale Price: $175,000
Unit Price: $15.91 PSF
Ceiling: 14 ft. Clear
Office SF: 500 SF
Drive In Bays: 1 Bay
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/18/2020

Overview / Comments

20 Year Non-Compete Clause
Seller will convey tile to the Property or Buyer by a special or limited warranty deed, subject to a restriction that for a period of twenty (20) years following the conveyance, the Property may not be used for the sale or distribution of agricultural chemicals, seed, or fertilizer.

+ 2 Buildings and one-million-gallon cylindrical storage structure
+ Building One:
+ Office: approx. 500 SF
+ Warehouse: approx. 4,500 SF
+ Building Two:
+ Lumber Storage Shed: approx. 6,000 SF
+ 2.29 acres
+ Construction type:
+ Metal panel retail sales/warehouse buildings
+ Lumber storage shed
+ Concrete cylinder liquid container
+ Roof type: Corrugated Metal
+ Office: 8’ finished ceiling, Warehouse: 16’ clear, Lumber: 14’
+ Power: 1200 amp/480 V/3 phase
+ Grade level DID: 1 – 14’H x 16’ W
+ Column spacing: 25’ x 50’ span metal trusses
+ Heat: Natural gas, forced air
+ Parking: 5 striped spaces, additional parking available
+ Sales Price: $175,000 ($657,000 portfolio)

Additional Details

Nearest MSA: Rockford
County: Carroll
Property Located Between: Mill Rd. and IL-64/US 52
Highway Access: IL-64/US 52 and IL-78
Site Description: 2 Buildings and one-million-gallon cylindrical storage structure on 2.29 acres
Area Description: Located near IL-64/US 52 and IL-78
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Exterior Description: Construction type: + Metal panel retail sales/warehouse buildings + Lumber storage shed + Concrete cylinder liquid container
Parking Type: Surface
Column Spacing: 25'x50'
Amps: 1,200
Volts: 480
X-Phase: 3

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,234 3,613
Median Age: 45.86 47.32
Households: 938 1,528

Contact

Photograph of Listing Agent

Karen Walsh

CBRE, INC. CMCPEX Member
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