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    101 North Washington St Hanover, IL 61041

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    For Sale
    $3,700,000

    109,380 SF industrial warehouse on 30 acres in Hanover, IL.

    Property size:
    109,412 SF

    Property Features for 101 North Washington St

    General Information

    Size
    109,412 SF

    Building Details

    Year built
    1921

    Source: Karen Kulczycki, CCIM, SIOR Agent Karen Kulczycki, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Four-Story Industrial Warehouse on 30 Acres

    This is a 109,380 SF, 4-story industrial warehouse positioned on 30 acres of land. It is located along the Apple River, bordering Wisconsin and Iowa, in Hanover, IL. The area features local businesses, restaurants, and scenic parks. Nearby landmarks include Apple River Canyon State Park and the historic town of Galena. This location is suitable for an office or office building investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Bar & Pub Laundry Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    Jo Daviess
    State
    Illinois
    Longitude
    -90.285229
    Latitude
    42.25965

    FAQs

    What type of property is this?
    Warehouse - 109,380 SF industrial warehouse on 30 acres in Hanover, IL.
    Where is this warehouse located?
    The property is located at 101 North Washington St Hanover, IL.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: - Large industrial warehouse: 109,380 SF, suitable for various industrial purposes.; - Substantial land: Positioned on 30 acres, offering ample space for expansion or outdoor operations.; - Prime commercial location: Situated in Hanover, IL, with access to local businesses and amenities.
    (630) 330-3352
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    Hanover, IL 61041
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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 North Washington St Hanover, IL 61041
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