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NEW! 486KSF+/- IL Industrial Flex For Lease 301 W 3rd St

11,000 - 198,000 SF of Industrial Space Available in Sterling, IL 61081

Highlights

  • Institutional-sized asset suitable for manufacturing, distribution, retail, office, and more
  • Potential to lease entire ±486,000 SF +/- building lease for the right terms, timing & credit ( Sale possible, TBD call broker)
  • Large billboard on location and banner space available for advertising
  • Capacity to expand the ±245,000 SF for the entire bottom floor plate
  • Convenient location near I-88 with easy access to major cities
  • Ample parking on-site and adjacent lots (*may be open to poss. sale)

Features

Clear Height
15’
Warehouse Floor
8”
Drive In Bays
3
Exterior Dock Doors
18
Standard Parking Spaces
60

all available spaces(3)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Condition
  • Available
  • Basement
  • 11,000 SF
  • Negotiable
  • $11.34 CAD/SF/YR $0.94 CAD/SF/MO $122.06 CAD/m²/YR $10.17 CAD/m²/MO $10,395 CAD/MO $124,737 CAD/YR
  • Industrial
  • -
  • Now
  • Listed rate may not include certain utilities, building services and property expenses
  • Artisan Space and Layout for Creatives
  • Artisan Space and Layout for Creatives
  • 1st Floor
  • 57,000 SF
  • Negotiable
  • $6.02 CAD/SF/YR $0.50 CAD/SF/MO $64.84 CAD/m²/YR $5.40 CAD/m²/MO $28,615 CAD/MO $343,382 CAD/YR
  • Industrial
  • -
  • Now
  • Lease rate does not include certain property expenses
  • 4 Loading Docks
  • 4 Loading Docks
  • 2nd Floor
  • 130,000 SF
  • Negotiable
  • $2.13 CAD/SF/YR $0.18 CAD/SF/MO $22.89 CAD/m²/YR $1.91 CAD/m²/MO $23,034 CAD/MO $276,407 CAD/YR
  • Industrial
  • -
  • Now
  • Listed rate may not include certain utilities, building services and property expenses
Space Size Term Rental Rate Space Use Condition Available
Basement 11,000 SF Negotiable $11.34 CAD/SF/YR $0.94 CAD/SF/MO $122.06 CAD/m²/YR $10.17 CAD/m²/MO $10,395 CAD/MO $124,737 CAD/YR Industrial - Now
1st Floor 57,000 SF Negotiable $6.02 CAD/SF/YR $0.50 CAD/SF/MO $64.84 CAD/m²/YR $5.40 CAD/m²/MO $28,615 CAD/MO $343,382 CAD/YR Industrial - Now
2nd Floor 130,000 SF Negotiable $2.13 CAD/SF/YR $0.18 CAD/SF/MO $22.89 CAD/m²/YR $1.91 CAD/m²/MO $23,034 CAD/MO $276,407 CAD/YR Industrial - Now

Basement

Size
11,000 SF
Term
Negotiable
Rental Rate
$11.34 CAD/SF/YR $0.94 CAD/SF/MO $122.06 CAD/m²/YR $10.17 CAD/m²/MO $10,395 CAD/MO $124,737 CAD/YR
Space Use
Industrial
Condition
-
Available
Now

1st Floor

Size
57,000 SF
Term
Negotiable
Rental Rate
$6.02 CAD/SF/YR $0.50 CAD/SF/MO $64.84 CAD/m²/YR $5.40 CAD/m²/MO $28,615 CAD/MO $343,382 CAD/YR
Space Use
Industrial
Condition
-
Available
Now

2nd Floor

Size
130,000 SF
Term
Negotiable
Rental Rate
$2.13 CAD/SF/YR $0.18 CAD/SF/MO $22.89 CAD/m²/YR $1.91 CAD/m²/MO $23,034 CAD/MO $276,407 CAD/YR
Space Use
Industrial
Condition
-
Available
Now

Basement

Size 11,000 SF
Term Negotiable
Rental Rate $11.34 CAD/SF/YR
Space Use Industrial
Condition -
Available Now

  • Listed rate may not include certain utilities, building services and property expenses
  • Artisan Space and Layout for Creatives
  • Artisan Space and Layout for Creatives

1st Floor

Size 57,000 SF
Term Negotiable
Rental Rate $6.02 CAD/SF/YR
Space Use Industrial
Condition -
Available Now

  • Lease rate does not include certain property expenses
  • 4 Loading Docks
  • 4 Loading Docks

2nd Floor

Size 130,000 SF
Term Negotiable
Rental Rate $2.13 CAD/SF/YR
Space Use Industrial
Condition -
Available Now

  • Listed rate may not include certain utilities, building services and property expenses

Property Overview

DWG Capital Group is pleased to present this prime institutional-sized asset located at 301 W 3rd St, Sterling, IL 61081 - a large industrial manufacturing facility that is currently available for immediate tenanting. The property offers an expansive space suitable for a wide range of uses, including manufacturing, distribution, retail, office, and more. There are three potential tenancies available: 1) a 130K SF space on the 2nd floor at $1.50 PSF, 2) a 57K SF space on the 1st floor with 4 loading docks at $4.25 PSF, and 3) an 11K SF space designed for artisan/creative purposes at $8 PSF. The lease has the capacity to expand to the ±245,000 SF for the entire bottom floor plate, providing ample room for businesses to grow and expand. Additionally, there is potential to lease the entire 490,000 SF building for the right terms, timing, and credit. One of the most significant advantages of this property is its location. The facility is conveniently located near I-88, offering easy access to major cities, including Chicago, Quad Cities, Milwaukee, Minneapolis/St. Paul, Kansas City, Sioux Falls, Des Moines, Detroit, Columbus, Indianapolis, and St. Louis. This makes it an ideal location for businesses that require access to transportation and logistics infrastructure. The property offers many features that make it an attractive option for tenants. It has a clear height of ±15-16 FT with 9 dock doors, each with 18 FT openings. There is a large billboard on location, and banner space is available for advertising. The property also offers ample parking on-site and in adjacent lots. Manufacturing electric capacity power is in place, with a voltage as high as ±4160 volts, making it possible to power large machinery. One of the most notable features of this property is the potential future rail access adjacent to the property. The prior spur may possibly be reactivated, providing an additional transportation option for businesses. The property is also zoned for traditional commercial use with high levels of electricity, making it ideal for businesses that require large machinery. The property has an average rental rate of $4.52 NNN ($0.38 PSF/mo), and market rate offers shall be considered. TI TBD, Lease Term, Rental Rate, and Credit are also factors that will be considered. The property has a land area of ±7.15 AC (±261,360 SF) and a rentable building area of ±5,000 - ±490,730 SF available. There are 18 external docks and 3 drive-ins, with a total of 20'w x 10'h. The columns are 24'w with 14' clear height, and there are 3 elevators with 3 freight. The property also has a wet sprinkler system installed. Overall, this institutional-sized asset offers a unique opportunity for businesses that require a large industrial manufacturing facility. With its location, ample features, and potential for future expansion, it is an ideal option for businesses that need space and infrastructure to grow and thrive.

Manufacturing FACILITY FACTS

Building Size
486,000 SF
Lot Size
6.00 AC
Year Built
1970
Construction
Masonry
Sprinkler System
Wet
Water
City
Sewer
City
Heating
Gas
Gas
Natural
Power Supply
Amps: 2,000 Volts: 120-480 Phase: 3
Zoning
M-1 - Zoned for traditional commercial use with high levels of electricity, suitable for large machinery. Very facile zoning and pro-business area.
Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 27897198

  • Date on Market: 2024-07-24

  • Last Updated:

  • Address: 301 W 3rd St, Sterling, IL 61081

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