2605 Woodlawn Rd
Sterling, IL 61081
10.20% CAP | Multi-Tenant Office · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Stable Investment with 16.11% + CoC Return (yr 1)
- Good Condition with Limited Deferred Maintenance & Recent Capital Improvements
- Parking Lot Fully Resurfaced & New Monument Sign (June 2020)
- 90% of income derived from IDHS & IDCFS - Tenants Since 1993
- 95% Occupancy Rate
PROPERTY FACTS
Property Type
Office
Building Size
30,240 SF
Building Class
B
Year Built
1989
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
30,240 SF
Building FAR
0.24
Lot Size
2.94 AC
Zoning
B-4
ABOUT 2605 WOODLAWN RD , STERLING, IL 61081
Woodlawn Center is well located just off of Route 2, the main commercial artery through Sterling with numerous services nearby including Northland Mall and newer construction Walmart, Menards, Kohl's, and a number of national retailers such as Buffalo Wild Wings, Starbucks, and Walgreens. Sterling is located 110 miles west of downtown Chicago, 50 miles southwest of Rockford, and 50 miles east of the Quad Cities. The property services the Sauk Valley community with a population of approx 60,000 including more than 40,000 residents in Sterling, Rock Falls and Dixon.
PROPERTY TAXES
| Parcel Number | 1123103021 | Improvements Assessment | $591,193 |
| Land Assessment | $92,072 | Total Assessment | $683,265 |
