827 W Progress Dr
Industrial | 6.75% CAP | 30,000 SqFt
Marketing description
Colliers is pleased to present the opportunity to acquire a single-tenant industrial facility located at 827 Progress Drive in Dixon, Illinois. This 30,000-square-foot building is strategically positioned on 9.94 acres, offering both stable in-place income and long-term potential for value enhancement.
The property is leased to a credit worthy long-term tenant with a lease in place through March 31, 2032, providing secure and predictable cash flow. Zoned for Light Manufacturing, the building includes 1 dock door and 2 drive-in doors, making it suitable for a wide range of industrial uses.
With approximately 5.8 Acres of excess land available on-site, there is a compelling opportunity for future expansion or additional development. The property’s flexible layout also allows for potential multi-tenant conversion, enhancing its long-term adaptability and value.
Ideally located near I-88 and key regional highways, the asset offers excellent access to major Midwest markets including Chicago, Rockford, and the Quad Cities. Dixon’s industrial market remains tight, with limited supply supporting rental stability and long-term demand.
Investment highlights
- 30,000 SF industrial facility on 9.94 Acres
- Single Tenant lease through 3/31/2032
- Zoned Light Manufacturing
- 1 dock and 2 drive-in doors
- Excess land for future development
- Flexible configuration allows for multitenant conversion
- Strong location near I-88 with access to major regional markets
- Stable cash flow in a supply-constrained market
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