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1947 N Lyford Rd - Lyford Storage

51,898 SF Specialty Building Offered at $5,899,656 CAD at a 7.17% Cap Rate in Rockford, IL 61107

Self Storage Facilities Illinois Rockford 1947 N Lyford Rd, Rockford, IL 61107

Investment Highlights

  • Upside in rents- Property is 41% below market rents.
  • Seller will prefund construction if sale price is greater than $5.5 Million dollars.
  • Upside in expansion- Four buildings can be added.
  • One mile from the newly constructed Hard Rock Casino that opened August 29th.

Executive Summary

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.

Attachments

1947_N_Lyford_Rd_Rockford_IL_61107_OM_Final

Financial Summary (Actual - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $5,899,656 CAD Building Class B
Price Per SF $114 CAD Lot Size 2.11 AC
Sale Type Investment Building Size 51,898 SF
Cap Rate 7.17% No. Stories 1
Property Type Specialty Year Built/Renovated 1966/2023
Property Subtype
Self-Storage
  • General Retail Storefront Retail/Office
  • Office Medical
  • Industrial Service
Price $5,899,656 CAD
Price Per SF $114 CAD
Sale Type Investment
Cap Rate 7.17%
Property Type Specialty
Property Subtype
Self-Storage
  • General Retail Storefront Retail/Office
  • Office Medical
  • Industrial Service
Building Class B
Lot Size 2.11 AC
Building Size 51,898 SF
No. Stories 1
Year Built/Renovated 1966/2023

Links

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PROPERTY TAXES

Parcel Number 12-13-151-007 Improvements Assessment $362,320 CAD (2022)
Land Assessment $61,403 CAD (2022) Total Assessment $423,722 CAD (2022)

PROPERTY TAXES

Parcel Number
12-13-151-007
Land Assessment
$61,403 CAD (2022)
Improvements Assessment
$362,320 CAD (2022)
Total Assessment
$423,722 CAD (2022)

zoning

Zoning Code CG (Commercial General)
CG (Commercial General)
(312) 383-5735

  • Listing ID: 33519250

  • Date on Market: 2023-07-18

  • Last Updated:

  • Address: 1947 N Lyford Rd, Rockford, IL 61107

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1947 N Lyford Rd - Lyford Storage
(312) 383-5735 x

1947 N Lyford Rd - Lyford Storage

Kris Parker

(312) 383-5735

(312) 383-5735

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