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    101 Sebastian Dr Gladstone, IL 61437

    Sponsored
    For Sale
    $825,000

    Established Business, 12,000+ sq ft, 2 Acres

    Property size:
    12,290 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional commercial property in Gladstone, IL, presents a rare opportunity. Spanning nearly two acres (1.98 acres to be exact), this offering includes three substantial buildings totaling over 12,290 square feet of versatile space. Ideal for a variety of commercial uses, the property boasts significant infrastructure. Building 1 (40x80), constructed in 2000, features 240v 3-phase power. Building 2 (30x63), built in 2003, offers 480v 3-phase power. The main building (60x120), completed in 2006, also includes 240v 3-phase power. The property is equipped for specialized operations, including dip tanks, a large and small oven, and a 25' paint booth. The seller, retiring after over two decades, values the buildings and land at over $1.5 million. This turnkey opportunity is perfect for an established business seeking expansion or a new venture looking for a ready-made facility. Pre-approved buyers only. The property's location in Gladstone, IL, offers convenient access to transportation and local amenities. This is a unique chance to acquire a substantial commercial property with significant existing infrastructure and considerable potential.

    Property Features for 101 Sebastian Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    12,290 SF
    Lot Size
    86,249 SF

    Building Details

    Year Built
    2006
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Gladstone
    County
    Henderson
    State
    Illinois
    Longitude
    -90.9621
    Latitude
    40.8484

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    FAQs

    What type of property is this?
    Commercial real estate - Established Business, 12,000+ sq ft, 2 Acres
    Where is this commercial real estate located?
    The property is located at 101 Sebastian Dr Gladstone, IL.
    What is the asking price?
    The asking price for this property is $825,000.
    Request Owner's contact information
    101 Sebastian Dr Gladstone, IL 61437
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    Gladstone, IL 61437
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 Sebastian Dr Gladstone, IL 61437
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