Log In/Sign Up
Your email has been sent.
324 Errett Rd
Rochelle, IL 61068
Industrial Property For Sale
Investment Highlights
- Property available for sale alone or part of a portfolio.
- Fully occupied by Del Monte on a short-term lease.
Executive Summary
Marcus & Millichap, as exclusive advisor, is pleased to offer for sale a four-building industrial portfolio located at 324 Errett Rd, 100 E. Quarry Rd, 111 5th Ave & 500 N Caron Rd. in Rochelle, IL. This portfolio consists of four buildings on four parcels totaling approximately 252,638 square feet and sits on approximately 49.49 acres.
This portfolio provides an investor an attractive day one yield, while also providing additional upside through lease up as well as potential development opportunities.
324 Errett Rd is 100% occupied by Del Monte on a short-term lease.
100 E Quarry Rd is 100% occupied by Hickory Grove Alloys on a long-term lease.
111 5th Ave is approximately 25.1 acres with two buildings on the parcel. Building one is approximately 97,158 square feet and Building two is approximately 8,325 square feet with a total of seven tenants.
500 N Caron Rd is approximately 15.87 acres of vacant land, primed for new industrial development potential.
Illinois Broker of Record: Steven Weinstock
Marcus & Millichap
Steven.Weinstock@MarcusMillichap.com
Lic #: 471.011175
This portfolio provides an investor an attractive day one yield, while also providing additional upside through lease up as well as potential development opportunities.
324 Errett Rd is 100% occupied by Del Monte on a short-term lease.
100 E Quarry Rd is 100% occupied by Hickory Grove Alloys on a long-term lease.
111 5th Ave is approximately 25.1 acres with two buildings on the parcel. Building one is approximately 97,158 square feet and Building two is approximately 8,325 square feet with a total of seven tenants.
500 N Caron Rd is approximately 15.87 acres of vacant land, primed for new industrial development potential.
Illinois Broker of Record: Steven Weinstock
Marcus & Millichap
Steven.Weinstock@MarcusMillichap.com
Lic #: 471.011175
Property Facts
| Sale Type | Investment | No. Stories | 1 |
| Sale Condition | Bulk/Portfolio Sale | Year Built | 1965 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Clear Ceiling Height | 34’ |
| Building Class | B | No. Dock-High Doors/Loading | 6 |
| Lot Size | 5.58 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 114,000 SF |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 5.58 AC |
| Rentable Building Area | 114,000 SF |
| No. Stories | 1 |
| Year Built | 1965 |
| Tenancy | Single |
| Clear Ceiling Height | 34’ |
| No. Dock-High Doors/Loading | 6 |
| Opportunity Zone |
Yes |
Property Taxes
| Parcel Number | 24-12-177-012 | Improvements Assessment | $240,771 CAD |
| Land Assessment | $77,109 CAD | Total Assessment | $317,880 CAD |
Property Taxes
Parcel Number
24-12-177-012
Land Assessment
$77,109 CAD
Improvements Assessment
$240,771 CAD
Total Assessment
$317,880 CAD
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
