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.
Details
MLS #
12782766
Listing Type
For Sale
Style
Industrial
Sub-Type
Resale
Status
Active Under Contract
Year
1920
Days On Site
5
Listing Provided By
RE/MAX Suburban | Jason Bitton
Features
SQ Feet
7,400
Story(s)
1
Units
1
Zoning
INDUS
Acreage
0.19
Interior
Cooling
Window Unit(s), Office Only
Exterior
Construction Materials
Brick, Block
Utilities
Electric
Service - 0 to 100 Amps
Taxes
Tax Year
2025
Tax Annual Amount
3426.46
Area Information
State
IL
County
Winnebago
City
Rockford
Zip Code
61108
Area
Rockford
Listing VS Median (in 61108)
Price: $200,000
low | high
Med: $210,000
45% of Average
sqft: 7,400
low | high
Med: 2,254
100% of Average
$ / sqft: $27
low | high
Med: $93
100% of Average
On site: 5
low | high
Med: 43
11.627906976744% of Average
Sourced by Back At You
Market Activity 61108
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Sep 2026
Sales: 1
Avg $ Per SqFt: $170.65
Min Sale Price: $200,000
Max Sale Price: $200,000
Med Sale Price: $200,000
Date: Aug 2026
Sales: 11
Avg $ Per SqFt: $152.39
Min Sale Price: $110,000
Max Sale Price: $300,000
Med Sale Price: $187,000
Date: Jul 2026
Sales: 20
Avg $ Per SqFt: $135.17
Min Sale Price: $160,000
Max Sale Price: $457,000
Med Sale Price: $241,600
Date: Jun 2026
Sales: 15
Avg $ Per SqFt: $148.43
Min Sale Price: $145,900
Max Sale Price: $650,000
Med Sale Price: $215,000
Date: May 2026
Sales: 12
Avg $ Per SqFt: $137.01
Min Sale Price: $12,000
Max Sale Price: $295,000
Med Sale Price: $227,500
Date: Apr 2026
Sales: 20
Avg $ Per SqFt: $156.27
Min Sale Price: $150,000
Max Sale Price: $399,900
Med Sale Price: $230,000
Date: Mar 2026
Sales: 24
Avg $ Per SqFt: $150.92
Min Sale Price: $135,900
Max Sale Price: $620,000
Med Sale Price: $215,500
Date: Feb 2026
Sales: 19
Avg $ Per SqFt: $143.36
Min Sale Price: $85,000
Max Sale Price: $452,000
Med Sale Price: $210,000
Date: Jan 2026
Sales: 12
Avg $ Per SqFt: $115.8
Min Sale Price: $97,000
Max Sale Price: $1,930,000
Med Sale Price: $192,500
Date: Dec 2025
Sales: 16
Avg $ Per SqFt: $125.75
Min Sale Price: $20,000
Max Sale Price: $260,175
Med Sale Price: $158,000
Date: Nov 2025
Sales: 24
Avg $ Per SqFt: $123.83
Min Sale Price: $74,900
Max Sale Price: $384,900
Med Sale Price: $189,950
Date: Oct 2025
Sales: 23
Avg $ Per SqFt: $125.7
Min Sale Price: $139,500
Max Sale Price: $401,000
Med Sale Price: $194,900
Sourced by Back At You
Sep 2026
Sales:
1
Avg $ Per SqFt:
$170.65
Min Sale Price:
$200,000
Max Sale Price:
$200,000
Med Sale Price:
$200,000
Aug 2026
Sales:
11
Avg $ Per SqFt:
$152.39
Min Sale Price:
$110,000
Max Sale Price:
$300,000
Med Sale Price:
$187,000
Jul 2026
Sales:
20
Avg $ Per SqFt:
$135.17
Min Sale Price:
$160,000
Max Sale Price:
$457,000
Med Sale Price:
$241,600
Jun 2026
Sales:
15
Avg $ Per SqFt:
$148.43
Min Sale Price:
$145,900
Max Sale Price:
$650,000
Med Sale Price:
$215,000
May 2026
Sales:
12
Avg $ Per SqFt:
$137.01
Min Sale Price:
$12,000
Max Sale Price:
$295,000
Med Sale Price:
$227,500
Apr 2026
Sales:
20
Avg $ Per SqFt:
$156.27
Min Sale Price:
$150,000
Max Sale Price:
$399,900
Med Sale Price:
$230,000
Mar 2026
Sales:
24
Avg $ Per SqFt:
$150.92
Min Sale Price:
$135,900
Max Sale Price:
$620,000
Med Sale Price:
$215,500
Feb 2026
Sales:
19
Avg $ Per SqFt:
$143.36
Min Sale Price:
$85,000
Max Sale Price:
$452,000
Med Sale Price:
$210,000
Jan 2026
Sales:
12
Avg $ Per SqFt:
$115.8
Min Sale Price:
$97,000
Max Sale Price:
$1,930,000
Med Sale Price:
$192,500
Dec 2025
Sales:
16
Avg $ Per SqFt:
$125.75
Min Sale Price:
$20,000
Max Sale Price:
$260,175
Med Sale Price:
$158,000
Nov 2025
Sales:
24
Avg $ Per SqFt:
$123.83
Min Sale Price:
$74,900
Max Sale Price:
$384,900
Med Sale Price:
$189,950
Oct 2025
Sales:
23
Avg $ Per SqFt:
$125.7
Min Sale Price:
$139,500
Max Sale Price:
$401,000
Med Sale Price:
$194,900
MLS Number: 12782766
Jason Bitton – (847) 858-2909 – jason@jasoncre.com
RE/MAX Suburban – (847) 367-8686
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The information is being provided by MRED. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MRED. All Rights Reserved.
MLS Number: 12782766
Jason Bitton – (847) 858-2909 – jason@jasoncre.com
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