2136 12th St - Warehouse FOR SALE


Rockford, IL 61104- East Rockford
$1,000,000 USD
312-327-5470
2136 12th St, Rockford, IL for Sale
$1,000,000 USD
Warehouse - FOR SALE
1/17
null | Request Cap Rate

2136 12th St
Rockford, IL 61104
East Rockford


HIGHLIGHTS

  • STARTING BID $1,000,000 | Multi-Tenant 379K Industrial | $580K NOI | 93% Occupied | AUCTION JUNE 9-11, 2025
  • 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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$3 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction - 379K Industrial | $580K NOI

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1905

UTILITIES

Lighting - Sodium, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

33 Ft

DOCKS

3

DRIVE INS

8

PARKING SPACES

400

LAND DETAILS

LAND ACRES

28.61

LAND SF

1,246,252

ZONING

I-1

APN/PARCEL ID

11-36-330-002

ASK ABOUT THIS PROPERTY

Peter DoughtyMarcus & MillichapMore Info
312-327-5470

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Peter DoughtyMarcus & MillichapMore Info
312-327-5470

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.