827 W Progress Dr - Manufacturing FOR SALE


Dixon, IL 61021
$2,100,000 USD
414-278-6825
827 W Progress Dr, Dixon, IL for Sale
$2,100,000 USD
Manufacturing - FOR SALE
1/10
null | 6.75% Cap Rate

827 W Progress Dr
Dixon, IL 61021


HIGHLIGHTS

  • 30,000 SF industrial facility on 9.94 Acres.
  • Single Tenant lease through 3/31/2032.
  • Excess land for future development.
  • Flexible configuration allows for multitenant conversion.
  • Strong location near I-88 with access to major regional markets.
  • Stable cash flow in a supply-constrained market.

OVERVIEW

Colliers is pleased to present the opportunity to acquire a single-tenant industrial facility located at 827 Progress Drive in Dixon, Illinois. This 30,000-square-foot building is strategically positioned on 9.94 acres, offering both stable in-place income and long-term potential for value enhancement The property is leased to a credit worthy long-term tenant with a lease in place through March 31, 2032, providing secure and predictable cash flow. Zoned for Light Manufacturing, the building includes 1 dock door and 2 drive-in doors, making it suitable for a wide range of industrial uses. With approximately 5.8 Acres of excess land available on-site, there is a compelling opportunity for future expansion or additional development. The property’s flexible layout also allows for potential multi-tenant conversion, enhancing its long-term adaptability and value. Ideally located near I-88 and key regional highways, the asset offers excellent access to major Midwest markets including Chicago, Rockford, and the Quad Cities. Dixon’s industrial market remains tight, with limited supply supporting rental stability and long-term demand.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

Heating

CLEAR CEILING HT

18 Ft

DOCKS

1

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.94

LAND SF

432,986

ZONING

LM

APN/PARCEL ID

18-08-16-100-008

ASK ABOUT THIS PROPERTY

Joe Eldredge, CCIMColliersMore Info
414-278-6825

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Joe Eldredge, CCIMColliersMore Info
414-278-6825

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