4750 Hiawatha DrRockford, IL 61103

Property Details for 4750 Hiawatha Dr

Lot size

13.74 AC

Zone code

I1

Property type

Industrial properties

APN

07-36-327-001

APU

736327001

Description

This 100,700-square-foot warehouse, situated on a 19.75-acre lot in Rockford, Illinois, presents a compelling investment opportunity. Built in 1973 and renovated in 1996, the Class C industrial property boasts 10 dock-high doors, a generous 18-foot ceiling height, and ample parking for 225 vehicles. The property features a sprinkler system and 40' column spacing, enhancing its functionality and safety. Zoned I-1, this single-story building offers significant potential for various industrial uses. Its strategic location within Rockford's Industrial Park provides exceptional access to major transportation arteries. Less than a mile from Route 2 and a mile from Route 251, with I-90 just 7 miles away, this location ensures efficient distribution and logistics. The high daily traffic count of over 17,000 vehicles on Route 2 offers excellent visibility and signage opportunities. The property is currently vacant and available for sale at $4,531,500 ($45 per square foot) with an occupancy date of October 29, 2023. The sale is a NNN lease type. This substantial warehouse offers a rare chance to acquire a well-located, sizable industrial space in a thriving market.

• Alternative Use

  Use

  Valuation

  Residential

  $123,697,216

  Hospitality

  $113,305,984

  Educational

  $94,269,248

  Medical

  $97,511,312

  Retail

  $146,641,056

Location Insight

City

Rockford

County

Winnebago

State

Illinois

Latitude

42.3291

Longitude

-89.0704

CBSA code

40420

CBSA name

ROCKFORD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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