Flex Warehouse with Office
1139 Franklin Grove Road Dixon, IL 61021
1139 Franklin Grove Road, Dixon, IL, 61021
$399,000
Pending
For Sale
$399,000
Pending
COMMERCIAL - Dixon, IL
Property Size3,904 SF
Lot Size0.79 Acres
Days on Market145
Property Features for 1139 Franklin Grove Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- COMMR
- Standard status
- Pending
- APN
- 07080427700600
- Lot size
- 0.79 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 9960
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2002
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete, Carpet
- Building materials
- Vinyl Siding, Brick
- Roof type
- Composition
Listing agency
Bird Realty
(815) 973-6768
Listed by
Andrew Brockwell
(815) 600-8636
Added: Feb 27 Updated: Jul 18 at 2:17AM Checked: Jul 22 at 5:06AM
MLS# 12579577
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex warehouse property combines a front office area with a dedicated shop/service area. The office measures 48' x 38' and includes a reception area, two private offices, a break room, a parts room designed for flexible use, and handicap-accessible restrooms. The shop/service area is 40' x 52' with 15' ceilings, a two-overhead-door setup (each 14' tall and 12' wide), a utility sink, a storage area, a dedicated utility room, an expansive storage mezzanine, and 200 amp electrical service.
The property is located on the east side of Dixon on a high-traffic roadway with a large blacktop parking lot for on-site parking and circulation. It is zoned COMMR, and the current tenant’s lease expires September 1st with possession available at that time.
Designed for businesses that need both customer-facing office space and functional warehouse/shop operations, the building’s configuration supports a range of commercial uses consistent with its zoning designation.
The property is located on the east side of Dixon on a high-traffic roadway with a large blacktop parking lot for on-site parking and circulation. It is zoned COMMR, and the current tenant’s lease expires September 1st with possession available at that time.
Designed for businesses that need both customer-facing office space and functional warehouse/shop operations, the building’s configuration supports a range of commercial uses consistent with its zoning designation.
Key Highlights
- 2002‑built commercial property with vinyl siding and brick exterior, composition roof, concrete and carpet flooring, and central air
- B‑2 Commercial zoning supports a wide range of retail, service, and commercial uses, including automotive, light manufacturing/assembly, and distribution
- Office area: 48' x 38' with reception, two oversized private offices, break room, dedicated parts room, and handicap‑accessible restrooms
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.0k | $10.50 |
| − Vacancy | −$2.1k | −$0.55 |
| EGI | $38.9k | $9.95 |
| − OpEx | −$5.8k | −$1.49 |
| NOI | $33.0k | $8.46 |
3,904 SF · lease $10.50/SF/yr · vacancy 5.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$471.9K
$412.9K – $550.5K
NOI $33,031 @ 7.0% cap · market cap 8.28%
Second Best
Flex RnD
$443.1K
$387.7K – $517.0K
NOI $31,018 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$1.06M
$931.1K – $1.24M
NOI $74,488 @ 7.0% cap · market cap 18.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dixon Ottawa Communication ...
Mobile Phone Store
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex warehouse property with a 48' x 38' office and a 40' x 52' shop/service area with two overhead doors.
Where is this flex space located?
The property is located at 1139 Franklin Grove Road Dixon, IL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2002‑built commercial property with vinyl siding and brick exterior, composition roof, concrete and carpet flooring, and central air; B‑2 Commercial zoning supports a wide range of retail, service, and commercial uses, including automotive, light manufacturing/assembly, and distribution; Office area: 48' x 38' with reception, two oversized private offices, break room, dedicated parts room, and handicap‑accessible restrooms
