Large Warehouse Facility in Sterling, IL - Expandable

301 West 3rd Street, Sterling, IL

$5/sqft/yr

Price

490,000 sqft

Building Size

7.16 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
490,000 sqft
Lot Area
7.16 acres
Year Built
1900
Tenancy
Multiple
Floors
3
Description

The institutional-sized asset located at 301 W 3rd St, Sterling, IL 61081, is a large industrial manufacturing facility that is currently available for immediate tenanting. The property offers an expansive space that is suitable for a wide range of uses, including manufacturing, distribution, retail, office, and more. The lease has the capacity to expand the ±245,000 SF for the entire bottom floor plate, providing ample room for businesses to grow and expand. Additionally, there is potential to lease the entire 490,000 SF building lease for the right terms, timing, and credit.

One of the most significant advantages of this property is its location. The facility is conveniently located near I-88, offering easy access to major cities, including Chicago, Quad Cities, Milwaukee, Minneapolis/St Paul, Kansas City, Sioux Falls, Des Moines, Detroit, Columbus, Indianapolis, and St. Louis. This makes it an ideal location for businesses that require access to transportation and logistics infrastructure.

The property offers many features that make it an attractive option for tenants. It has a clear height of ±15-16 FT with 9 dock doors, each with 18 FT openings. There is a large billboard on location, and banner space is available for advertising. The property also offers ample parking on-site and in adjacent lots. Manufacturing electric capacity power is in place, with voltage as high as ±4160 volts, making it possible to power large machinery.

One of the most notable features of this property is the potential future rail access adjacent to the property. The prior spur may possibly be reactivated, providing an additional transportation option for businesses. The property is also zoned for traditional commercial use with high levels of electricity, making it ideal for businesses that require large machinery.

The property has a rate of $5.00 NNN ($0.42 PSF/mo), and market rate offers shall be considered. TI TBD, Lease Term, Rental Rate, and Credit are also factors that will be considered. The property has a land area of 6 AC (261,360 SF) and a rentable building area of 50,000 - 100,000 SF available. There are 18 external docks and 3 drive-ins, with a total of 20’w x 10’h. The columns are 24’w with 14’ clear height, and there are 3 elevators with 3 freight. The property also has a wet system installed sprinkler system.

Overall, this institutional-sized asset offers a unique opportunity for businesses that require a large industrial manufacturing facility. With its location, ample features, and potential for future expansion, it is an ideal option for businesses that require space and infrastructure to grow and thrive.

Highlights
  • Institutional-sized asset suitable for manufacturing, distribution, retail, office, and more
  • Capacity to expand the ±245,000 SF for the entire bottom floor plate
  • Potential to lease entire 490,000 SF building lease for the right terms, timing & credit
  • Convenient location near I-88 with easy access to major cities
  • Clear height of ±15-16 FT with 9 dock doors each with 18 FT openings
  • Large billboard on location and banner space available for advertising
  • Ample parking on-site and adjacent lots
  • Manufacturing electric capacity power in place with voltage as high as ±4160 volts
  • Possible future rail access adjacent to the property
  • Zoned for traditional commercial use with high levels of electricity, suitable for large machinery
  • Wet system installed sprinkler system
  • Rentable building area of 50,000 - 100,000 SF available
  • Rate of $5.00 NNN ($0.42 PSF/mo)
3 Spaces Available

1st Floor

Available:
Immediately
Sublease:
No
SQFT
174,737
Lease Rate:
$5/sqft/yr
Lease Type:
NNN

2nd Floor

Available:
Immediately
Sublease:
No
SQFT
138,473
Lease Rate:
$5/sqft/yr
Lease Type:
NNN

BasementFlex Space

Available:
Immediately
Sublease:
No
SQFT
175,517
Lease Rate:
$5/sqft/yr
Lease Type:
NNN
Documents
Title
DWG_Flyer_Sterling_ForLeaseOrSale_8.11.23.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery