Offered by Auction Works
Nearly 200,000 SF Rockford Industrial Building
Type of Sale:
Call for offers; bank-ordered sale
Location of Property:
2500 N. Main Street
Rockford, IL 61103
For questions regarding the property, please contact Auction Works.
Description of property: This multi-tenant industrial building set on approximately 3.08 acres is comprised of approximately 80-100 units. Historically tenants have included art galleries, automotive repair, machine shops, photography studios, and motorcycle customization shops. This building has long, wide fork-lift accessible corridors with numerous garage doors and loading docks throughout. This is a two story building with the majority of the square footage located on the first floor. The freight elevator is operable, as are most of the mechanicals and boiler.
There are approximately 60 parking spaces alongside the building and an additional 1/2 acre parking lot to the North.
CALL FOR OFFERS
BANK ORDERED SALE!
Minimum Bid: $250,000
Buyer's Premium: 10% ($40,000 minimum applies)
Cooperating Broker's Commission: 2%
Building Size: Approx. 195,400 sf
Rentable Units: Approx. 80-100
Rentable Area: Approx. 125,652 sf
Lot Size: Approx. 3.8 acres
Adjacent Parking Lot Size: Approx. 1/2 acre
Zoning: L1– Light Industrial
2018 Taxes: $14,350.48
PIN #: 11-11-476-003 (main building)
2018 Taxes: $812.40
PIN #: 11-11-427-012 (½ acre north parking lot)
2018 Taxes: $253.86
PIN #: 11-11-479-002 (smaller south parking)
This listing is offered by Auction Works. Please review Auction Works' website for complete terms and conditions regarding the sale, as well as additional listing details.