Sterling Industrial
3-Story Recently Upgraded Industrial ±486,952 SF on 7.16 Acres (New Roof)
Marketing description
Introducing the Sterling Landmark @ 301, located at 301 W 3rd St, Sterling, IL 61081, this industrial gem offers a substantial investment opportunity in the heart of the Midwest. This 3-story property spans approximately 486,952 SF on 7.16 acres, featuring recent upgrades including a new roof and significant value-add potential. Strategically positioned to access major MSAs like Chicago and Milwaukee, the property boasts versatile use potential for manufacturing, warehousing, and distribution. With 18 dock doors, 3 drive-ins, and modern power and sprinkler systems, the infrastructure supports high-capacity operations. Recent capital improvements exceeding $3.1M, including a new 20-year warranty roof, ensure excellent ROI possibilities. Don't miss this opportunity to own a strategic industrial asset with a projected stabilized NOI of $1,830,000 and a potential adjusted bank value of $23,612,903. Embrace the chance to invest in the strength of the Midwest industrial sector with the Sterling Landmark @ 301!
Investment highlights
Projected Stabilized Net Operating Income (NOI): $1,830,000
Adjusted Bank Value (NNN Analysis): $23,612,903, highlighting significant value creation potential.
Strategic Location: Pro-business Area with Access to Major MSAs including Chicago, Quad Cities, Rockford, Milwaukee, and Kansas City.
Building Size: ±486,952 SF on ±7.16 acres
Versatile Use Potential: Ideal for Manufacturing, Warehousing, Distribution, and Other High-Value Industrial Applications.
Infrastructure: 18 External Dock Doors, 3 Drive-Ins, with Extensive Power and Sprinkler Systems for High-Capacity Operations.
Capital Improvements: Over $3.1M in Recent Upgrades, Including a New 20-Year Warranty roof.
75% Recent Renovation | 4M Upgrades
Flex Use Doors
Prime for 3.50 NNN Owner User or Value Add Investor
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