1947 Lyford RdRockford, IL 61107
High-Yield Self Storage Facility
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 116
Highlights
- Self-storage facility with 209 units totaling 51,898 net rentable square feet, built in 1966 with recent renovations (2023).
- Undersupplied market: High population density (approx. 41,000 within 3 miles) and low market saturation (below 8.7%).
- Significant rental upside: Current rents are 41% below market rates.
- Expansion potential: Approved permits for four additional buildings on a 7.36-acre lot.
- Seller financing option available for sale prices exceeding $5.5 million.
- Prime location: One mile from the newly opened Hard Rock Casino.
Property Details for 1947 Lyford Rd
- Property type
- Mixed-use properties, Self storage facilities
- Square Feet
- 51,898 SF
- Year Built/Renovated
- 1966/2023
- Buildings
- 9
- Lot Size (sq. ft)
- 320,602 SF
- Units
- 209
Location Insight
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Latitude
- 42.2918623
- Longitude
- -88.9591775
Nearby Similar for Sale
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