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    124 River St Momence, IL 60954

    Sponsored
    For Sale
    $599,000

    9,000 SF Industrial/Office Space - $599,000

    Property size:
    9,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional 9,000-square-foot industrial/office building in Momence, Illinois, presents a fantastic investment opportunity. Located at 124 E River Street, the property boasts a versatile layout ideal for a variety of businesses. The building comprises 5,500 square feet of warehouse space and 3,500 square feet of well-appointed office space. The office area is thoughtfully designed with seven individual offices and an open bullpen area, providing flexibility for different work styles and team sizes. The building's M-1 Manufacturing District zoning allows for a wide range of industrial uses, expanding potential business applications. Recent improvements include a brand-new roof installed in 2024, ensuring long-term structural integrity and minimizing maintenance concerns. The heated warehouse space is equipped with a convenient locker room and three overhead doors – two measuring 14' x 9' and one measuring 8' x 8' – providing ample access for loading and unloading of materials and equipment. Ample parking is available, with convenient street parking directly in front of the building and approximately 50 public parking spaces situated across the street along the scenic Kankakee River. This property offers a unique blend of functionality, modern amenities, and a prime location, making it an attractive proposition for discerning investors and businesses seeking a well-maintained and versatile space. The asking price is $599,000.

    Property Features for 124 River St

    General Information

    Property type
    Investment properties
    Square Feet
    9,000 SF

    Building Details

    Year Built
    1983
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Momence
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.66154
    Latitude
    41.16256

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    FAQs

    What type of property is this?
    Investment property - 9,000 SF Industrial/Office Space - $599,000
    Where is this investment property located?
    The property is located at 124 River St Momence, IL.
    What is the asking price?
    The asking price for this property is $599,000.
    (815) 929-9095
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    124 River St Momence, IL 60954
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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
    124 River St Momence, IL 60954
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