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

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.