Industrial Properties in Rockford, Illinois, offer a unique opportunity for investors seeking to capitalize on the city's rich history in industrial development. With a strong foundation in heavy machinery, hardware, and furniture manufacturing, Rockford has diversified its economy to include automotive, aerospace, and healthcare industries. This diversification has created a robust infrastructure, making it an attractive location for industrial investments. The city's amenities, such as the Aldeen Golf Club and the Swedish American Hospital's School of Medical Technology, also contribute to its appeal. Additionally, Rockford's location, situated approximately 90 miles west-northwest of downtown Chicago and 70 miles south-southeast of Madison, provides easy access to major transportation hubs, including the Chicago Rockford International Airport and the Union Pacific Railroad's Global III Intermodal Facility in Rochelle. With 8 Industrial Properties for sale, investors have a range of options to choose from.
Rockford's industrial landscape is characterized by its strong manufacturing sector, with major employers like Mrs. Fisher's, a regional manufacturer of potato chips. The city is also home to several post-secondary institutions, including Rockford University, Rock Valley College, and St. Anthony College of Nursing. In addition to Industrial Properties, Rockford offers a range of other property types, including Warehouses, which are ideal for businesses seeking to store and distribute goods. Land is also available for development, providing opportunities for investors to build new industrial facilities. Apartment Buildings and Commercial Real Estate round out the city's property offerings, catering to a diverse range of businesses and residents. With its unique blend of industrial heritage and modern amenities, Rockford is an attractive location for businesses and investors alike.
What is the average price per square foot for industrial properties in Rockford?
The average price per square foot for industrial properties in Rockford is $55 USD per square foot, with 8 available listings ranging in size from 129,904 square feet to 566,100 square feet, offering a diverse range of options for investors and businesses looking to establish or expand their operations in the area.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Rockford, Illinois, as they impact the ease of goods transportation, labor accessibility, and overall operational efficiency, with properties near major highways, airports, and rail lines typically commanding higher values.
- Proximity to Interstate 39, Interstate 90, and U.S. Route 20 provides easy access to regional and national markets, increasing the value of industrial properties in Rockford.
- The Chicago Rockford International Airport, with its cargo operations and connections to major carriers, is a significant transportation hub that enhances the value of nearby industrial properties.
- Properties located near freight rail lines, such as Union Pacific and Canadian National, also benefit from efficient transportation options, which can increase their value and attractiveness to potential buyers or tenants.
