Multi-Tenant 379,634 Industrial | $580K NOI | 93% Occupied

Highlights:

• 379,634 SF Industrial Building on 28.61 Acres | Low Price Per Foot | Double Digit Cap Rate
• Easy Access to US-20/I-39 (±1.8-Miles), I-90, Chicago Rockford Int’l Airport (±4-Miles), and Downtown (±10-Min)
• Demand Drivers Nearby: General Mills, Dean Foods, UPS Freight, Amazon, Collins Aerospace, Bergstrom, GE Aviation, and many others
• Dense Demographics with ±158,394 People and Annual Household Income of ±$62,520 within a 5-Mile Radius
• 2.9% Vacancy Rate for Industrial Space 10K-100K SF Within 5-Mile Radius

Description:

RI Marketplace Online Auction June 9-11, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2506/multi-tenant-379-634-industrial-580k-noi-93-occupied?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=industrial_2506

Marcus & Millichap is pleased to present the fee-simple sale offering of 2136 12th Street, a multi-building industrial campus located in Rockford, Illinois (the “Property”). The Property is comprised of 379,634 square feet of industrial space that is leased to a variety of local and national tenants.

The subject Property offers many different variations of space, ranging from 500 to 91,000 square feet. With the majority of the rent roll being on short term leases (many Month-to-Month) a landlord has the ability to increase rents on an annual basis at their discretion. Current ownership has recently completed capex projects including roofs, replacement of drive-in doors, paint and more.

Rockford, Illinois is the state's third-largest city, strategically situated approximately 90 miles northwest of Chicago. Its location along major transportation corridors, including Interstates 90 and 39, enhances its appeal for development. The industrial property market in Rockford is robust, outperforming national averages. The vacancy rate is 2.9% for industrial spaces 10,000-100,000 square feet within a 5-mile radius of the Property. This strength is attributed to the city's manufacturing heritage and its strategic location for logistics operations. The Property further benefits from strong demographics with a population of 158,394 residents and an average household income of $62,520 within a 5-mile radius.

Scott Bowers
c/o Fisher Auction Company Inc.
License: 040000273

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