Investment Opportunity with Corp Lease

Industrial for Sale
Catylist Listing ID: 30708364
Property Subtypes: Flex Space, Manufacturing, Mixed Use, Light Industrial, Self Storage, Warehouse/Distribution
Building Size (RSF): 179,944 SF
Sale Price: $3,900,000
Unit Price: $21.67 PSF
Docks/Doors: 4 Docks
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Furst McNess Corp Headquarters
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/19/2021

Overview / Comments

180,000 sf of premium industrial warehouse/ office space located
in the historic downtown of Freeport, IL adjacent to the site of the
Lincoln Douglas debates from 1858.

OVER $2M re-invested in the building and property since 2013.
Newly installed HVAC, resurfaced parking lot, renovated office
areas, dedicated secure server rooms, security cameras, and

- 20,000 sf Class A office space
- Fully sprinklered
- Food grade warehouse safe
- Rail Served
- 3 freight and 1 passenger elevators
- dedicated dock area with levelers
- high speed fiber optic service

Additional Details

Nearest MSA: Freeport
County: Stephenson
Taxing Authority: City of Freeport
Tax ID/APN: 14-30-455-005
Total Number of Buildings: 1
Number of Stories: 5
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: Brick & Concrete construction. Excellent condition
Parking Type: Surface
Parking Description: 105 Surface parking spaces available. Newly resurfaced parking lots.
Total Parking Spaces: 105
Passenger Elevators: 1
Freight Elevators: 3
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central, Heat Pump
Air Conditioning: Engineered System
Lighting: LED, Fluorescent
Internet Access: Fiber Optic
Interior Description: Combination of newly renovated space for office, warehouse, and manufacturing. Value add space for additional space utilization that could include warehouse / distribution, office, storage, and more.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,683 27,159 31,243
Median Age: 32.63 41.74 42.58
Households: 3,527 11,634 13,309
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