2.3-acre development site great location at i-39/i-90 ...€¦ · 11/7/2019 · swedishamerican...

2.3-ACRE DEVELOPMENT SITE4359 N BELL SCHOOL ROAD | LOVES PARK, IL

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2.3-ACRE SITE


GREAT LOCATION AT I-39/I-90/RIVERSIDE BLVD.

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90

EAST RIVERSIDE BOULEVARD

EAST RIVERSIDE BOULEVARD

NORTH BELL SCHO

OL RO

AD

FUTURE MEDICAL/OFFICE

FUTURE MEDICAL

FUTURE

STADIUM

FUTURE

FUTURE DANFOSS EXPANSION

acjohnston.com 815-963-7473ROB LARSON, Asset Manager | [email protected] |


39

90

North Bell School Road N


FEATURESIdeal location in Gateway Business Park

Adjacent to I-90/I-39 at East Riverside Blvd.

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

Located in the Bell School Road Industrial Job Recovery Law TIF district (http://loves-park.il.us/page/36/economic-development) and the Loves Park Enterprise Zone (http://www.myenterprisezone.com)

Near established residential and in an area of new residential home construction

High traffic area

Near Hotels and New & Expanding Retail

IN A GROWING CORRIDOR


http://loves-park.il.us/page/36/economic-development

http://loves-park.il.us/page/36/economic-development

http://www.myenterprisezone.com

http://www.myenterprisezone.com


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

LOCATION

SITE - RIVERSIDE BLVD & I-90

CHICAGO O’HARE AIRPORT

CHICAGO ROCKFORD INTERNATIONAL AIRPORT

UNION PACIFIC GLOBAL III INTERMODAL FACILITY



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COMMERCIAL/RETAIL RESIDENTIALMEDICAL COMMERCIAL/INDUSTRIAL


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2.3-ACRE SITE



Map data ©2019 Google 2 mi

REGIONAL MAP





DEMOGRAPHICS

Demographic Source: Applied Geographic Solutions 04/2018, TIGER Geography page 1 of 1©2018, Sites USA, Chandler, Arizona, 480-491-1112

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SUMMARY PROFILE2000-2010 Census, 2018 Estimates with 2023 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 42.3243/-88.9693RS1

4588 N. Bell School Road3 mi radius 5 mi radius 10 mi radius

Loves Park, IL 61111

POPU

LATI

ON

2018 Estimated Population 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%

2018 Median Age 42.7 42.4 38.6

HO

USE

HO

LDS

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%

RAC

E AN

DET

HN

ICIT

Y

2018 Estimated White 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%

INC

OM

E 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

EDU

CAT

ION

(AG

E 25

+)

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 24.2% 24.3% 24.0%

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%

BUSI

NES

S 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

5-MILE INFORMATION

I-90 58,200 per day

E. RIVERSIDE BLVD. 18,100 per day

TRAFFIC COUNTS



LOCATED IN AN ENTERPRISE ZONE

BUILDING MATERIALS SALES TAX EXEMPTIONAny 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.

PROPERTY TAX ABATEMENTThe 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.

INVESTMENT TAX CREDITA 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.

MANUFACTURING MACHINERY & EQUIPMENT SALES TAX EXEMPTIONState 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.

UTILITY TAX EXEMPTIONThe 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.

LOVES PARK ENTERPRISE ZONE INCENTIVESThe 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.

Please refer to the frequently asked questions page (https://www.myenterprisezone.com/faq) for additional details on qualifications for each of the abovementioned incentives.

https://www.myenterprisezone.com/faq



HEALTHCARE SYSTEMS

AEROSPACE & AVANCED MANUFACTURING

EDUCATION AND WORKFORCE DEVELOPMENT

INVESTMENTS MADE$1.1 BILLIONEMPLOYMENT CONCENTRATION14.7%

INVESTMENTS MADE$58.1 BILLIONEMPLOYMENT CONCENTRATION21.1%

INVESTMENTS MADE$36 BILLIONEMPLOYMENT CONCENTRATION16.1%

TOP EMPLOYERS WITHIN THE ROCKFORD REGIONCOMPANY INDUSTRY EMPLOYEESFIAT CHRYSLER AUTOMOBILES AUTOMOTIVE MANUFACTURING 5,152MERCYHEALTH HEALTHCARE 4,000ROCKFORD PUBLIC SCHOOLS EDUCATION 3,525SWEDISHAMERICAN HEALTH SYSTEM HEALTHCARE 3,359OSF HEALTHCARE HEALTHCARE 2,800UPS SHIPPING/LOGISTICS 2,379UTC AEROSPACE SYSTEMS AEROSPACE MANUFACTURING 2,200WOODWARD AEROSPACE MANUFACTURING 1,900PCI PHARMA SERVICES PACKAGING 1,800WINNEBAGO COUNTY GOVERNMENT 1,292HARLEM CONSOLIDATED SCHOOLS EDUCATION 1,191CITY OF ROCKFORD GOVERNMENT 1,088LOWES WAREHOUSE 900BELVIDERE COMMUNITY SCHOOLS EDUCATION 870MONDOLEZ INTERNATIONAL FOOD MANUFACTURING 850MAGNA AUTOMOTIVE MANUFACTURING 816GENERAL MILLS FOOD MANUFACTURING 675TAYLOR COMPANY MACHINERY MANUFACTURING 671SYNCREON AUTOMOTIVE MANUFACTURING 600

COLLEGES & INSTITUTIONS IN THE REGIONINSTITUTION ENROLLMENTBELOIT COLLEGE 1,385BLACKHAWK TECHNICAL COLEGE 1,126EMBRY-RIDDLE AERONAUTICAL UNIVERSITY 151HIGHLAND COMMUNITY COLLEGE 3,200JUDSON UNIVERSITY - ELGIN 1,081KISHWAUKEE COLLEGE 7,696NORTHERN ILLINOIS UNIVERSITY 21,869RASMUSSEN COLLEGE 321ROCK VALLEY COLLEGE 8,091ROCKFORD CAREER COLLEGE 321ROCKFORD UNIVERSITY 1,318ST. ANTHONY COLLEGE OF NURSING 193UPPER IOWA UNIVERSITY 142UNIVERSITY OF WISCONSIN 12,014UNIVERSITY OF ILLINOIS - ROCKFORD HEALTH SCIENCES CAMPUS

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SOURCE: RAEDC 2018 QUICK REFERENCE GUIDE & ECONOMIC DEVELOPMENT DISTRICT OF NORTHERN ILLINOIS



Mercyhealth’s Riverside campus will feature a state-of-the-art 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.

VERY NEAR THE AREA’S NEWLY CONSTRUCTED, STATE OF THE ART MEDICAL FACILITIES



VISITORS/TOURISMVISITORS/TOURISM

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.

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.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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https://mercyhealthsportscore.com/sportscore-two/

2.3-acre development site great location at i-39/i-90 ...€¦ · 11/7/2019 · swedishamerican...

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