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Value-Add Industrial On Oversized Lot 947 E Clinton St 16,765 SF Vacant Industrial Building Online Auction Sale Freeport, IL 61032
Investment Highlights
- 947 East Clinton Street presents the market with an opportunity to acquire 16,765 square feet of industrial space in Freeport, Illinois.
- Includes excellent industrial features such as three roll-up doors, a covered parking and storage area, and a secured fenced-in lot.
- The Helm Group, a construction contractor, and The Morse Group, an electrical contractor, are two of Freeport’s biggest employers today.
- Prime position with access to excellent demographics, including a 10-mile population of over 32,700 people and a highly-skilled labor force.
- Subject industrial building rests on an oversized 3.42-acre lot, allowing for ample storage space or a potential building expansion.
- Absolute auction | Starting bid $1.
Executive Summary
As the exclusive listing advisor, Newmark presents the multifaceted industrial opportunity to acquire the value-add 2.67-acre property at 947 East Clinton Street, ready for a new user to repurpose the freestanding structure per operational needs.
The subject opportunity offers a 16,765-square-foot facility equipped with three roll-up doors, a furnace with a tall brick chimney, and a 16-foot clear height. The spacious 3.42-acre standalone parcel is primarily paved, providing ample parking and truck maneuvering space.
Freeport is located just over 100 miles from Lake Michigan's coast, on the shores of the humble Pecatonica River. US Route 20 runs 25 miles east to Rockford, and Illinois Route 26 leads 20 miles north to the Wisconsin state line, a major logistics corridor. The Chicago O’Hare International Airport is an hour’s drive from the subject, while the Chicago/ Rockford International Airport is 32 miles southeast. Railroad access is available approximately 30 miles away at the Rockport Railroad station. The nearest freight port, the Port of Milwaukee, is just over an hour’s drive.
Trade transportation & utilities, manufacturing, and construction account for nearly a quarter of the daytime employees within the 10-mile radius. Rockford University, Rock Valley College, and Rasmussen College-Illinois all contribute to the area’s skilled blue-collar workforce and daytime employee influx. The Helm Group, The Morse Group, FHN Hospital, and Freeport School District No. 145 generate the largest daytime employment counts in the area. Honeywell Aerospace, one of the largest publicly traded aerospace suppliers, continues to operate one of its four original manufacturing plants in Freeport.
Property tours are by appointment only. Please contact the listing broker to schedule.
The subject opportunity offers a 16,765-square-foot facility equipped with three roll-up doors, a furnace with a tall brick chimney, and a 16-foot clear height. The spacious 3.42-acre standalone parcel is primarily paved, providing ample parking and truck maneuvering space.
Freeport is located just over 100 miles from Lake Michigan's coast, on the shores of the humble Pecatonica River. US Route 20 runs 25 miles east to Rockford, and Illinois Route 26 leads 20 miles north to the Wisconsin state line, a major logistics corridor. The Chicago O’Hare International Airport is an hour’s drive from the subject, while the Chicago/ Rockford International Airport is 32 miles southeast. Railroad access is available approximately 30 miles away at the Rockport Railroad station. The nearest freight port, the Port of Milwaukee, is just over an hour’s drive.
Trade transportation & utilities, manufacturing, and construction account for nearly a quarter of the daytime employees within the 10-mile radius. Rockford University, Rock Valley College, and Rasmussen College-Illinois all contribute to the area’s skilled blue-collar workforce and daytime employee influx. The Helm Group, The Morse Group, FHN Hospital, and Freeport School District No. 145 generate the largest daytime employment counts in the area. Honeywell Aerospace, one of the largest publicly traded aerospace suppliers, continues to operate one of its four original manufacturing plants in Freeport.
Property tours are by appointment only. Please contact the listing broker to schedule.
Data Room Click Here to Access
- Operating and Financial Statements
- Purchase Agreement
- Miscellaneous
- **Do not Post
Property Facts
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Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Chicago
2,705,994
112
2 h 12 m
Indianapolis
867,125
291
5 h 41 m
Detroit
672,662
389
7 h 20 m
Columbus
892,533
429
8 h 59 m
Nashville
669,053
577
10 h 28 m
Memphis
650,618
618
11 h 16 m
Access and Labor Force
10 Miles
Total Population
33,917
Total Labor Force
15,696
Unemployment Rate
4.91%
Median Household Income
$58,264
Warehouse Employees
3,616
High School Education Or Higher
91.50%
Sale Advisor
Sale Advisor
Thomas Gath, Managing Director
After 25 years with United Parcel Service, Tom decided to change career paths. Utilizing his knowledge and people skills, Tom began pursuing commercial real estate. Tom’s managerial, sales, and logistics experience gives him insight to client’s needs and how to supply them. Tom understands the climate of the mid-size company and how to address their real estate needs. Tom has established relationships with RREEF, AMB Property Corporation, and Principal Insurance, as well as private owners to bring their properties to profitable occupancy. He also has maintained an ongoing relationship with current tenants. Many of his deals have come from referrals of past clients; this is testament to the service he provides. He has also arranged many investment sales for some of his clients. Tom has developed a team to serve the O’Hare market with a range of good multi sized properties with a range of lease rates that can fit the customer and their budget.
Tom focuses on the O'Hare and I-90 Industrial Corridors.
Tom focuses on the O'Hare and I-90 Industrial Corridors.
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Sophy Cardenas
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Matterport 3D Exterior
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Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Contact the Sale Advisor
Value-Add Industrial On Oversized Lot | 947 E Clinton St
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Value-Add Industrial On Oversized Lot | 947 E Clinton St
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