2.3-ACRE DEVELOPMENT SITE
GREAT LOCATION AT I-39/I-90/RIVERSIDE BLVD.
4359 N BELL SCHOOL ROAD | LOVES PARK, IL
FUTURE DANFOSS EXPANSION
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acjohnston.com
ROB LARSON, Asset Manager |
robert.larson@acjohnston.com |
815-963-7473
2.3-ACRE DEVELOPMENT SITE 4359 N BELL SCHOOL ROAD | LOVES PARK, IL
IN A GROWING CORRIDOR
FEATURES Ideal location in Gateway Business Park
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Adjacent to I-90/I-39 at East Riverside Blvd.
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Close proximity to new area developments including SwedishAmerican Hospital Cancer Center, MercyHealth’s $485-Million Regional Hospital and Medical Center, Mega Sports Center Expansion at MercyHealth Sportscore 2
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Located in the Bell School Road Industrial Job Recovery Law TIF district (http://loves-park.il.us/page/36/economicdevelopment) and the Loves Park Enterprise Zone (http:// www.myenterprisezone.com) Near established residential and in an area of new residential home construction
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High traffic area Near Hotels and New & Expanding Retail
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acjohnston.com
ROB LARSON, Asset Manager |
robert.larson@acjohnston.com |
815-963-7473
2.3-ACRE DEVELOPMENT SITE 4359 N BELL SCHOOL ROAD | LOVES PARK, IL
LOCATION Just a short drive to Chicago Rockford International Airport with US Customs Port of Entry and 2nd largest UPS hub in the US Easy drive to Chicago’s O’Hare International Airport and Union Pacific Global III Intermodal Facility Proximity to Milwaukee, Madison and Chicago
SITE - RIVERSIDE BLVD & I-90
CHICAGO ROCKFORD INTERNATIONAL AIRPORT
UNION PACIFIC GLOBAL III INTERMODAL FACILITY
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ROB LARSON, Asset Manager |
CHICAGO O’HARE AIRPORT
robert.larson@acjohnston.com |
815-963-7473
2.3-ACRE DEVELOPMENT SITE 4359 N BELL SCHOOL ROAD | LOVES PARK, IL
2.3-ACRE SITE
39 90
N COMMERCIAL/RETAIL
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MEDICAL
COMMERCIAL/INDUSTRIAL
ROB LARSON, Asset Manager |
RESIDENTIAL
robert.larson@acjohnston.com |
815-963-7473
2.3-ACRE DEVELOPMENT SITE 4359 N BELL SCHOOL ROAD | LOVES PARK, IL
REGIONAL MAP
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ROB LARSON, Asset Manager |
robert.larson@acjohnston.com |
Map data ©2019 Google
815-963-7473
2 mi
2.3-ACRE DEVELOPMENT SITE 4359 N BELL SCHOOL ROAD | LOVES PARK, IL
SUMMARY PROFILE 2000-2010 Census, 2018 Estimates with 2023 Projections Calculated using Weighted Block Centroid from Block Groups
Lat/Lon: 42.3243/-88.9693 RS1
3 mi radius
DEMOGRAPHICS 5-MILE INFORMATION
POPULATION
Loves Park, IL 61111
29,215
88,556
293,555
2023 Projected Population
28,218
85,160
288,619
2010 Census Population
30,418
91,586
303,845
2000 Census Population
25,346
82,774
280,112
Projected Annual Growth 2018 to 2023
-0.7%
-0.8%
-0.3%
Historical Annual Growth 2000 to 2018
0.8%
0.4%
0.3%
42.7
42.4
38.6
2018 Estimated Households
12,362
36,989
117,766
2023 Projected Households
12,283
36,558
118,858
2010 Census Households
12,313
36,652
116,662
2000 Census Households
9,710
31,944
107,411
Projected Annual Growth 2018 to 2023
-0.1%
-0.2%
0.2%
Historical Annual Growth 2000 to 2018
1.5%
0.9%
0.5%
83.1%
84.3%
74.2%
2018 Estimated Black or African American
5.9%
5.9%
12.7%
2018 Estimated Asian or Pacific Islander
5.4%
4.0%
3.0%
2018 Estimated American Indian or Native Alaskan
0.2%
0.2%
0.3%
2018 Estimated Other Races
5.3%
5.6%
9.8%
2018 Estimated Hispanic
8.2%
8.7%
14.8%
2018 Estimated Average Household Income
$105,204
$90,394
$73,517
2018 Estimated Median Household Income
$76,437
$68,405
$57,202
2018 Estimated Per Capita Income
$44,547
$37,825
$29,632
2018 Estimated Elementary (Grade Level 0 to 8)
2.1%
2.6%
4.3%
2018 Estimated Some High School (Grade Level 9 to 11)
4.5%
5.5%
8.6%
2018 Estimated High School Graduate
21.8%
28.2%
31.2%
2018 Estimated Some College
24.0%
HOUSEHOLDS RACE AND ETHNICITY
2018 Estimated White
INCOME EDUCATION (AGE 25+)
I-90 58,200 per day
BUSINESS
E. RIVERSIDE BLVD. 18,100 per day
24.2%
24.3%
2018 Estimated Associates Degree Only
8.8%
8.9%
8.7%
2018 Estimated Bachelors Degree Only
21.0%
17.7%
14.4%
2018 Estimated Graduate Degree
17.6%
12.8%
8.7%
2018 Estimated Total Businesses
1,332
4,523
11,668
2018 Estimated Total Employees
17,017
63,966
178,781
2018 Estimated Employee Population per Business
12.8
14.1
15.3
2018 Estimated Residential Population per Business
21.9
19.6
25.2
©2018, Sites USA, Chandler, Arizona, 480-491-1112
acjohnston.com
10 mi radius
2018 Estimated Population
2018 Median Age
TRAFFIC COUNTS
5 mi radius
ROB LARSON, Asset Manager |
page 1 of 1
This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.
4588 N. Bell School Road
Demographic Source: Applied Geographic Solutions 04/2018, TIGER Geography
robert.larson@acjohnston.com |
815-963-7473
2.3-ACRE DEVELOPMENT SITE 4359 N BELL SCHOOL ROAD | LOVES PARK, IL
LOCATED IN AN ENTERPRISE ZONE LOVES PARK ENTERPRISE ZONE INCENTIVES
The offered listing is in the Loves Park Enterprise Zone. The Loves Park-Machesney Park Enterprise Zone offers businesses and investors a variety of valuable tax credits to support development within the Enterprise Zone boundary.
BUILDING MATERIALS SALES TAX EXEMPTION
MANUFACTURING MACHINERY & EQUIPMENT SALES TAX EXEMPTION
Any building materials used in new construction or rehabilitation of properties located within the Loves Park-Machesney Park Enterprise Zone (and permanently attached to the real estate) are eligible to be sales tax exempt.
The City of Loves Park and the Village of Machesney Park effectively do not issue corporate property taxes, and accordingly, this incentive is available, without application, to all businesses with the Enterprise Zone. Please note that property tax abatement does not apply to any other taxing districts within either municipality.
State statute allows a business enterprise that is certified by the Department of Commerce, that either creates a minimum of 200 full-time equivalent jobs in Illinois; or retains a minimum of 2,000 full-time jobs in Illinois; or which retains 90% of the existing jobs, a 6.25 percent state sales tax exemption on all tangible personal property which is used or consumed within an Enterprise Zone in the process of manufacturing or assembly of tangible personal property for wholesale or retail sale or lease. This exemption includes repair and replacement parts for machinery and equipment used primarily in the wholesale or retail sale or lease, and equipment, manufacturing fuels, material and supplies for the maintenance, repair or operation of manufacturing, or assembling machinery or equipment.
INVESTMENT TAX CREDIT
UTILITY TAX EXEMPTION
PROPERTY TAX ABATEMENT
A 0.5 percent credit against the state income tax is offered to taxpayers making investments in qualified property located in the Enterprise Zone. The Enterprise Zone credit is in addition to the existing 0.5 percent investment tax credit against the personal property replacement tax available throughout Illinois.
The Public Utilities Act 220 ILCS 5/9-222.1, as amended and the Telecommunications Excise Tax Act 35 ILCS 630/2(a)(5), as amended allows a 5 percent state tax exemption on gas, electricity; and the Illinois Commerce Commission .1 percent administrative charge and excise taxes on the act or privilege of originating or receiving telecommunications a business enterprise, for businesses that are certified by the Illinois Department of Commerce as making an investment in a zone that either creates a minimum of 200 full-time equivalent jobs in Illinois or retains a minimum of 1,000 full-time jobs in Illinois.
Please refer to the frequently asked questions page (https://www.myenterprisezone.com/faq) for additional details on qualifications for each of the abovementioned incentives.
acjohnston.com
ROB LARSON, Asset Manager |
robert.larson@acjohnston.com |
815-963-7473
2.3-ACRE DEVELOPMENT SITE 4359 N BELL SCHOOL ROAD | LOVES PARK, IL
HEALTHCARE SYSTEMS INVESTMENTS MADE $1.1 BILLION
EMPLOYMENT CONCENTRATION
14.7%
AEROSPACE & AVANCED MANUFACTURING
EDUCATION AND WORKFORCE DEVELOPMENT
EMPLOYMENT CONCENTRATION
EMPLOYMENT CONCENTRATION
INVESTMENTS MADE $58.1 BILLION
21.1%
TOP EMPLOYERS WITHIN THE ROCKFORD REGION COMPANY
INDUSTRY
MERCYHEALTH
HEALTHCARE
FIAT CHRYSLER AUTOMOBILES ROCKFORD PUBLIC SCHOOLS
SWEDISHAMERICAN HEALTH SYSTEM OSF HEALTHCARE UPS
UTC AEROSPACE SYSTEMS WOODWARD
PCI PHARMA SERVICES WINNEBAGO COUNTY
HARLEM CONSOLIDATED SCHOOLS CITY OF ROCKFORD LOWES
AUTOMOTIVE MANUFACTURING EDUCATION
HEALTHCARE HEALTHCARE
SHIPPING/LOGISTICS
AEROSPACE MANUFACTURING AEROSPACE MANUFACTURING PACKAGING
GOVERNMENT EDUCATION
GOVERNMENT WAREHOUSE
BELVIDERE COMMUNITY SCHOOLS
EDUCATION
MAGNA
AUTOMOTIVE MANUFACTURING
MONDOLEZ INTERNATIONAL GENERAL MILLS
TAYLOR COMPANY SYNCREON
FOOD MANUFACTURING FOOD MANUFACTURING
MACHINERY MANUFACTURING
AUTOMOTIVE MANUFACTURING
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INVESTMENTS MADE $36 BILLION
16.1%
COLLEGES & INSTITUTIONS IN THE REGION
EMPLOYEES
5,152 4,000 3,525 3,359 2,800 2,379 2,200 1,900 1,800 1,292 1,191 1,088 900 870 850 816
INSTITUTION
ENROLLMENT
BELOIT COLLEGE
BLACKHAWK TECHNICAL COLEGE
EMBRY-RIDDLE AERONAUTICAL UNIVERSITY HIGHLAND COMMUNITY COLLEGE JUDSON UNIVERSITY - ELGIN KISHWAUKEE COLLEGE
NORTHERN ILLINOIS UNIVERSITY RASMUSSEN COLLEGE
1,385 1,126 151
3,200 1,081 7,696
21,869 321
ROCK VALLEY COLLEGE
8,091
ROCKFORD UNIVERSITY
1,318
ROCKFORD CAREER COLLEGE ST. ANTHONY COLLEGE OF NURSING UPPER IOWA UNIVERSITY
UNIVERSITY OF WISCONSIN
UNIVERSITY OF ILLINOIS - ROCKFORD HEALTH SCIENCES CAMPUS
321 193 142
12,014 402
675 671 600
SOURCE: RAEDC 2018 QUICK REFERENCE GUIDE & ECONOMIC DEVELOPMENT DISTRICT OF NORTHERN ILLINOIS
ROB LARSON, Asset Manager |
robert.larson@acjohnston.com |
815-963-7473
2.3-ACRE DEVELOPMENT SITE 4359 N BELL SCHOOL ROAD | LOVES PARK, IL
VERY NEAR THE AREA’S NEWLY CONSTRUCTED, STATE OF THE ART MEDICAL FACILITIES Mercyhealth’s Riverside campus will feature a state-of-theart women’s and children’s hospital, including the highest level perinatal and neonatal intensive care units and pediatric emergency services, as well as high-risk maternity care. The campus also will provide the region with the highest level trauma center; an adult sub-specialty hospital to include plastic surgery, as well as brain and spine, endocrinology, orthopedics, pulmonology and heart services; operating suites and surgical services; a diagnostic center and physician-care clinics to serve adult and pediatric patients. Ground was broken for the $485 million project, the largest in Rockford’s history, on June 6, 2016 and the sprawling 188-bed hospital was designed with room to add another bed tower to the north. SwedishAmerican Health System’s Regional Cancer Center opened in 2013 and offers state-of-the-art treatment and support services to more cancer patients in northern Illinois than any other health system. Their award-winning cancer program includes an outpatient cancer center, radiation therapy, medical oncology, and advanced medical imaging, chemotherapy and infusion services. The center also has a healing garden, as well as holistic and support services. A division of UW Health, they connect patients to oncology experts from nationally-recognized University of Wisconsin Carbone Cancer Center giving convenient local access to UW Health specialists in many areas of oncology. This 63,000 Sq. Ft., 2-story facility houses the region’s largest number of oncology physicians and a nationally-certified staff of nurses, radiation therapists, physicists, social workers, pharmacists, chaplains and dieticians.
acjohnston.com
ROB LARSON, Asset Manager |
robert.larson@acjohnston.com |
815-963-7473
2.3-ACRE DEVELOPMENT SITE 4359 N BELL SCHOOL ROAD | LOVES PARK, IL
Our 2.3-Acre site is just west of mega sports center, Mercyhealth Sportscore Two. This region was awarded the 2018 Sports Tourism of the Year Award for being the most outstanding city to have an impact on the local community through sporting events. The region has been a pioneering sports town since the mid-1980s and sets the standard for hosting sports tournaments in the Midwest. Tourism in Winnebago County is growing faster than in other major counties in Illinois. 2016 statistics show that spending in Winnebago County grew 39% since 2009. The Rockford Park District reports 2-million visitors annually to the Mercyhealth Sportscore Two complex on East Riverside.
VISITORS/TOURISM
Upgraded in 2016, the facility has a state-of-the-art, 60,000 sq. ft. indoor sports facility, 2500-seat Wedgbury Stadium, 26 outdoor soccer fields, sand volleyball courts, indoor golf driving range, locker rooms, and equipment store. It includes indoor and outdoor concessions and dining, a playground and over 2000 parking spaces.
VISITORS/TOURISM
2-Million Annual Visitors Sports Tournaments held at the neighboring Mercyhealth Sportscore Two bring 2-million visitors annually to the area.
Hotel Room Demand Up 3.6% Annual hotel rooms booked in Rockford (demand) grew to 651,000 in 2016 from 507,000 in 2009, a compound annual growth rate of 3.6%
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acjohnston.com
ROB LARSON, Asset Manager |
robert.larson@acjohnston.com |
815-963-7473