27 & 29 AIRPORT DRIVE

Industrial for Sale
Catylist Listing ID: 30297535
Property Subtypes: Warehouse/Distribution
Building Size (RSF): 40,000 SF
Gross Land Area: 3.08 Acres
Sale Price: $300,000
Unit Price: $7.50 PSF
Ceiling: 16 ft.
Docks/Doors: 2 Docks, 9 Doors
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/23/2020

Overview / Comments

LOCATED MINUTES FROM AIRPORT; TWO SEPARATE BUILDINGS CONNECTED BY RACEWAY –BOTH AREA CAN BE SECURED FROM THE OTHER. BUILDING AT 27 AIRPORT DRIVE IS 15,128 SF WITH APPROXIMATELY 1,800 SF OF NICE OFFICE SPACE, 16' CEILING IN WAREHOUSE, 10' CEILING IN OFFICE, 1 DOCK, 4 OVERHEAD DOORS 10,200 S/F IS CURRENTLY LEASED UNTIL 1/31/2021. BUILDING 29 AIRPORT DRIVE IS NOW VACANT AND AVAILABLE FOR IMMEDIATE USE HAVING 25,000 TOTAL S/F OF SPACE WITH 3,600 S/F OFFICE SPACE – FAIR CONDITION AND 19,600 S/F OF WAREHOUSE, 3 OVERHEAD DOORS (12X12, 10X12, 10X10). AND 1 RECESSED DOCK . ALL LOCATED ON 3.08 ACRES OFFERING ROOM TO EXPAND. LAND IS LEASED FROM AIRPORT. PROPERTY TO BE SOLD "AS IS".

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $9,167 (Annual)
Assessed Value - Total($) $68,433 (Annual)

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 15-11-376-004, 15-11-376-005
Zoning: I2
Airports: Chicago- Rockford
Site Description: LAND LEASE
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1971
Construction/Siding: Concrete
Parking Type: Surface
Parking Description: BLACKTOP, GRAVEL
Total Parking Spaces: 50
Amps: 400
Volts: 460
X-Phase: 3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 571 40,396 110,973
Median Age: 45.61 35.25 35.23
Households: 258 15,436 43,274

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