5191 27Th AveRockford, IL 61109

  • Industrial properties
  • 8,000 SF
For Sale
$775,000 View listing

Property Details for 5191 27Th Ave

Year built
1978
Lot size
0.86 AC
Property size (Sq ft)
8,000 SF
Property type
Industrial properties
APN
16-04-151-022
APU
1604151022

Description

This exceptional 16,840-square-foot industrial building presents a compelling investment opportunity in Rockford, Illinois. Located at 5191 27th Ave, this property offers a versatile flex space ideal for manufacturing or warehousing operations. Built in phases between 2000 and 2016, the single building sits on a 0.86-acre lot and is zoned I1, providing flexibility for various uses. The building features impressive ceiling heights ranging from 11 to 22 feet, offering ample vertical space for storage or specialized equipment. Currently vacant, this property allows for immediate occupancy and customization to meet specific business needs. Its strategic location in Rockford provides convenient access to major transportation arteries, including I-90 and US Route 20, ensuring efficient logistics and distribution. The asking price is $775,000, translating to $46.02 per square foot. This represents a strong value proposition for investors seeking a well-located, functional industrial space with significant growth potential in a thriving industrial area of Winnebago County, Illinois, zip code 61109.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,653,391
    Hospitality
    $1,514,497
    Educational
    $1,260,044
    Medical
    $1,303,379
    Retail
    $1,960,068
5191 27Th Ave, Rockford, Illinois

Location Insight

City
Rockford
County
Winnebago
State
Illinois
Latitude
42.2336
Longitude
-89.0148
CBSA code
40420
CBSA name
ROCKFORD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$20,183
$127,060
$147,243
-
$60,549
$381,180
$441,729

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