CALL FOR OFFERS ACQUIRE SIGNIFICANTLY BELOW APPRAISED VALUE Offering Brochure For further information contact: Paul Montes Sr. Vice President 630-954-4446 montes@inlandgroup.com Eric Spiess Sr. Vice President 630-990-8658 spiess@inlandgroup.com
TABLE OF CONTENTS 1. Executive Summary 2. Maps 3. Photos 4. Floorplans
EXECUTIVE SUMMARY Property at a glance: Address: Total Square Footage: Leased Premises: Lot Size: 204 1 st Avenue Sterling, IL 61081 35,268sf Ground Level 20,250sf 2 nd Floor 5,568sf Lower Level 9,450sf 6,750sf of 35,268sf $1,000/mo (gross) 20,250sf Elevator Building: Yes - 1 Loading Dock: Fire Safety: Power/Electric: HVAC: FF&E: Ownership Type: Yes 1 Grade Level Wet sprinkler system 800-amp, 120/208 Volt, 3-phase service Heat Boiler/Cooling - Central Air All included in sale (except bar) 138 Wired Cubicles 16 Closed-Circuit TVs Badge Access Security Controls Fee Simple Taxes: 11-21-481-012 $6,008 11-21-481-013 $8,267
EXECUTIVE SUMMARY Executive Summary: We are pleased to introduce 204 1 st Avenue through an open offering format. The recently renovated three-level property includes 35,268sf of open co-workspace, glass-walled private offices and community rooms. A separate entrance provides identity and access to a currently leased 6,750sf street-level unit. The tenant currently pays $1,000/month (gross). Steel beam & truss construction, coupled with interior exposed brick and reclaimed wood floors, blend practicality with comfort. Positioned at the main intersection in historic downtown Sterling, the property lies in both a TIF District & a Business Enterprise Zone, and is surrounded by abundant parking. Area Overview: Sterling has a deeply rooted manufacturing and steel construction ethos and today reflects a strong mix of industry, commercial opportunity and residential living. The City of 15,370 resides in Whiteside County and is situated along the Rock River approximately 35 miles east of the Mississippi River/Iowa border. It is easily accessed via I-88 (E/W) and Route 40 (N/S), and within reach of strong regional population bases Chicago 100 miles, Rockford 55 miles, Peoria 70 miles and the Quad Cities 55 miles. Major employers include CGH Medical Center, Wal- Mart Distribution Center, Sterling-Rock Falls Health Clinic, Wahl Clipper, Sterling Steel, and Halo Corporation.
PLAT MAP
ROAD MAP ROCKFORD CHICAGO DAVENPORT 204 1 st Ave - Sterling PEORIA
PHOTOS
PHOTOS
PHOTOS
FLOORPLANS FIRST FLOOR The main floor consists of 5 offices as well as 120 wired cubicles, a large break room and kitchen. Street level exposure and access.
FLOORPLANS SECOND FLOOR The second floor contains 12 offices, a conference room, server room and ample open floor plan area. Gorgeous original hardwood floors as well as exposed brick in every office. There are an additional 18 wired cubicles on this floor.
FLOORPLANS LOWER LEVEL The lower level is finished with a training room, additional conference room space, plenty of storage and a second server room.
FLOORPLANS FIRST FLOOR 6,750sf leased to The Caring Center for $1,000/month gross.