Rockford Area Flex-Industrial Property

FOR SALE Valued To: $2,819,060 New Asking Price: $1,850,000 (Reduced from $2,499,000) Cooperating Broker's Commission: 2% Lot Size: Approx. 9.09 Acres Buildings: 3 Free Standing Parking: 23 Spaces 2019 Taxes: $52,984.18 PIN #: 08-16-151-011 Zoning: IG; Industrial General Government Incentives Available: TIF District and an Enterprise Zone (For more info contact James Richter II, Community Development Director, Village of Machesney Park, jamesr@machesneypark.org, 815-877-5432) This property is in a TIF District and an Enterprise Zone. It consists of three, free standing buildings set on approximately 9.09 acres and zoned IG (Industrial General). It has approx. 548 feet of frontage on Burden Road and approx. 723 feet of frontage on the north side of Martin Drive. It is ideally located less than one mile from a robust retail corridor along Illinois Route 173 with abundant nearby shops and restaurants. The main building (8155 Burden Road) is a vacant, approx. 48,294 sf flex/industrial building formerly occupied by Forte Automation Systems. Built in 1978, it is comprised primarily of steel and masonry construction and has 23 asphalt paved and lined parking spaces. It has approximately 10,000 sf of office space with gas-fired forced air and A/C that includes a lobby, reception room, private offices, conference room with adjacent executive office, private restroom and sink/coffee preparation area, two restrooms, and a mezzanine office area including another large cubicle area, several private offices and conference room; the remainder is warehouse space. The warehouse features 2 heavy power (Primary: 2,400 amps, 480 volts & Secondary: 1,200 amps, 480 volts); wet sprinkler system; 25’ truss height ceilings; two drive-in doors; one interior and one exterior depressed dock with levelators; suspended radiant heaters and A/C; a lunch/break room; a first aid room; two restrooms; and 4 bridge cranes. The second building (8157 Burden Road) is an approximately 6,000 sf flex building built in 2011. It is currently leased through December 31, 2021 for $30,000.00 per year ($2,500/month). The third building is an approximately 1,941 sf garage/storage building adjacent to the parking lot and 8155 Burden Road loading dock. Recent capital improvements include new ceiling tiles and light fixtures in the main building office space (October 2019); freshly painted office space in the main building (November 2019); and sealcoating and re-striping of driveway and parking lot (October 2019).