926 22nd Street Rockford, IL 61108
NNN-Leased Industrial Building | 7,400 SF | 13.6 Cap. Offered at $200,000 ($27.03 per SF), this single-tenant brick showroom and warehouse building has approximately 7,400 SF and sits on the northeast corner of 22nd St and 9th Ave in Rockford. The entire building is leased to Reliable Parts, Inc. under an NNN lease at $2,266 per month ($27,192 per year) through May 31, 2027, with two one-year options at $2,333.98 and then $2,404.00 per month. The base rent represents a 13.6 cap rate at the asking price. Under the lease, the tenant reimburses the real estate taxes, the landlord's insurance premiums and routine maintenance, and pays for its utilities. The landlord retains responsibility for capital repairs over $2,500 and the structure. The front building (about 4,000 SF) has a storefront entrance on 22nd St, a retail and office area with one restroom, and a warehouse with 13'3 clear height and a raised box-truck door on 9th Ave. The 3,400 SF rear building has an 8' x 8' drive-in door. There is room for about 12 cars to park head-in along 9th Ave. The property is zoned I-1 Light Industrial (City of Rockford) and is in FEMA flood Zone X. Two tax parcels convey. Buyer to verify all information.
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Listing Office: RE/MAX Suburban
Listing Office Phone: 847-367-8686
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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