1 Hodge Street Tilton, IL 61832
1 Hodge Street, Tilton, IL, 61832
Contact for pricing
For Sale
Contact for pricing
Flex space
Property Size15,904 SF
Price / SF$75.45
Days on Market15
Property Features for 1 Hodge Street
General Information
- Standard status
- Active
- Size
- 15,904 SF
- Property subtype
- Retail, Industrial
Building Details
- Year Built
- 2020
Listing agency
Keller Williams Realty - Champaign
(217) 356-6100
Listed by
Clayton Maddox · License #475.189441
Source
Crexi
Added: Jul 8 Updated: Jul 21 at 3:04PM Checked: Jul 21 at 3:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty - Champaign
Investment Insights
Based on property information with market context.
Key Highlights
- Meticulous commercial building built in 2020 in Tilton’s Commercial district
- Total of 15,904 SF: Shop 1 8,448 SF, Shop 2 5,280 SF, breezeway 576 SF, office 1,600 SF
- Ceiling height of 16' with 14' overhead door height
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 | $126.0k | $7.92 |
| − Vacancy | −$10.8k | −$0.68 |
| EGI | $115.1k | $7.24 |
| − OpEx | −$17.3k | −$1.09 |
| NOI | $97.9k | $6.15 |
15,904 SF · lease $7.92/SF/yr · vacancy 8.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.40M
$1.22M – $1.63M
NOI $97,858 @ 7.0% cap · market cap 8.15%
Second Best
Industrial
$1.15M
$1.01M – $1.34M
NOI $80,589 @ 7.0% cap · market cap 6.72%
Theoretical Best
Specialty Retail
$3.10M
$2.71M – $3.61M
NOI $216,883 @ 7.0% cap · market cap 18.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
Where is this flex space located?
The property is located at 1 Hodge Street Tilton, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Meticulous commercial building built in 2020 in Tilton’s Commercial district; Total of 15,904 SF: Shop 1 8,448 SF, Shop 2 5,280 SF, breezeway 576 SF, office 1,600 SF; Ceiling height of 16' with 14' overhead door height
