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    450 Spruce St Manteno, IL 60950

    Sponsored
    For Sale
    $479,900

    Spacious Warehouse, Offices, Great Location

    Property size:
    20,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    344
    This exceptional 20,000-square-foot industrial condo in Manteno, Illinois, presents a unique investment opportunity. Located at 450 S Spruce Street, Unit A, this property sits on a three-acre lot and offers a versatile layout ideal for a variety of businesses. The main feature is a large, open industrial warehouse space, perfect for storage, manufacturing, or distribution. The unit also includes well-appointed office areas, providing a comfortable and functional workspace. Convenience is key with a shared exterior loading dock and a 12x14-foot drive-in rear door, simplifying loading and unloading operations. Safety is prioritized with a fully installed sprinkler system throughout the building. The durable precast concrete walls and impressive 20-foot clear ceilings maximize usable space and provide ample vertical storage capacity. Ample parking is available on the front, side, and rear of the building, ensuring convenient access for employees and clients. This property is available for both sale at $479,900 and lease, making it an attractive option for various business needs. The combination of size, features, and location makes this industrial condo a highly desirable property in the thriving Manteno market.

    Property Features for 450 Spruce St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    20,000 SF
    Lot Size
    130,680 SF

    Building Details

    Year Built
    2006
    Property Profile Location Intelligence

    Current Use by Public Records

    JFB Off Road Car Repair And Maintenance Service J&P Customs, LLC Cabinet Maker Stock pile inc. Flooring Store Loudspeakers Plus Distribution Service Horton Emergency Vehicles Ambulance Service

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Manteno
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.85594
    Latitude
    41.2444

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious Warehouse, Offices, Great Location
    Where is this commercial real estate located?
    The property is located at 450 Spruce St Manteno, IL.
    What is the asking price?
    The asking price for this property is $479,900.
    (312) 981-5500
    Request Owner's contact information
    450 Spruce St Manteno, IL 60950
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    Manteno, IL 60950
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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
    450 Spruce St Manteno, IL 60950
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