Building Details

Building Size 109,412 SF

Year Built 1921

Listing Agency: SVN Chicago Commercial k***@svn.com Show Phone

Listed By: Karen Kulczycki, CCIM, SIOR · License #IL #471020279 Show Phone

Source: Svnchicago

Added: Nov 21, 2025 Changed: Aug 8 Last Checked: Aug 19 at 5:05AM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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.

Property Analytics

Property Profile

Current Use

Warehouses

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Florist Real Estate Agency Tattoo & Piercing Shop Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

66

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 61041, IL

1,352

Population

797

Households

1.7

Avg Household Size

48

Median Age

17%

College-Educated

88%

High-School Grad

80.3 sq mi

ZIP Area

17

Density / Sq Mi

$44,464

Median Household Income

$32,632

Median Earnings

$769

Median Rent

$112,300

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

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 101-107 North Washington Street 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.