1947 N Lyford Rd - Self-Storage Facilities FOR SALE


Rockford, IL 61107
$4,200,000 USD
312-383-5735
1947 N Lyford Rd, Rockford, IL for Sale
$4,200,000 USD
Self-Storage Facilities - FOR SALE
1/7
null | 7.35% Cap Rate

1947 N Lyford Rd
Rockford, IL 61107


HIGHLIGHTS

  • Upside in rents- Property is 41% below market rents.
  • Upside in expansion- Four buildings can be added.
  • Seller will prefund construction if sale price is greater than $5.5 Million dollars.
  • One mile from the newly constructed Hard Rock Casino that opened August 29th.
  • With $1MM at Close, the Seller will offer financing on the remainder of the purchase price

OVERVIEW

On behalf of the Seller, Friedman is proud to bring this mixed-use facility to market in Winnebago County, IL. The vast majority of the property is used for Self-Storage, but there are three small offices and a work shop here as well. The site has room for expansion that will include four additional buildings. The new buildings are approved for construction. The buyer just needs to pick up the permits, pay the $400 fee, and can break ground immediately.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$81 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lyford Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

ADD'L SUBTYPES

Storefront Retail/Office, Medical, Service

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.36 AC

LAND SF

320,602 SF

ZONING

CG

APN/PARCEL ID

12-13-151-007

ASK ABOUT THIS PROPERTY

Kris ParkerFriedman Real EstateMore Info
312-383-5735

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Kris ParkerFriedman Real EstateMore Info
312-383-5735

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