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26441736
26441574

1803 E Rock Falls Rd, Rock Falls, IL 61071

MC
475209965
$240,000
294 days on market
Updated 57 days ago

1803 E Rock Falls Rd

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 10,404
Units 21
Cap Rate 12.17%
NOI $29,214
Tenancy Vacant
Year Built 1982
Buildings 3
Stories 1
Acreage 1.890
Zoning B-2
Ceiling Height 12'

Turnkey Storage Facility with Expansion Potential -- Prime Location off I-88!

Marketing description

Calling all investors! This storage facility (formerly Pondarosa R.V. & Mini Storage) consists of three well-maintained Morton steel buildings all with concrete floors. It's conveniently located minutes from town and from an I-88 interchange for easy access. The total lot size is 1.89 acres, so there is room to expand! There are 21 total self storage units, three 8'X9' units, nine 8'X12' units, eight 9'X12' units, and one 9'X24' unit. Then, there are open storage areas which are a combined 8,100 SF. There is also a small office in the main building to keep records, receive payments, and store keys. Appraisal has already been done and estimated financials are available. All numbers are estimates and there are no financials available. With its strategic location and strong potential for growth, this property is an excellent opportunity for investors or business owners alike. Call now for more details or to book a showing! Be sure to watch the virtual tour!

Listing Contacts

MC
475209965

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$29,214.00
$2,434.50/mo

Valuation Metrics

0
DSCR
12.17%
Cap Rate
12.17%
ROI

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