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Offered by Auction Works

Nearly 200,000 SF Rockford Industrial Building

Sale Details

Type of Sale:

Call  for offers; bank-ordered sale

Location of Property:

2500 N. Main Street

Rockford, IL 61103

Sale Partner:

Auction Works​

Sale Contact:

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.

Additional Information

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)

Partner Information

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.