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    3471 N Union Dr Olney, IL 62450

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    For Sale
    $949,900

    99,000 SF warehouse and office space on 10+ acres.

    Property size:
    99,000 SF
    Lot size:
    10.04 Acres

    Property Features for 3471 N Union Dr

    General Information

    Size
    99,000 SF
    Lot size
    10.04 Acres

    Source: F.C. Tucker Commercial Agent Robin Montgomery

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

    Overview

    99,000 SF Warehouse/Office Building

    This 99,000 sq ft steel frame building is situated on over 10 acres of fenced acreage. The property features a combination of warehouse and office space. The building includes 6 dock doors and hanging heaters, with ceiling heights of 25' to 30'. Ample parking is available. There is currently 16,000 sq ft leased. The owner would like to lease back approximately 25,000 sq ft of combined warehouse & office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Department Store Discount Store Storage Facility Plumbing Service Bike Shop

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

    Similar Places Nearby

    Consolidated Grain & Barge

    Location Insight

    • Map
    • Local Demand
    City
    Olney
    County
    Richland
    State
    Illinois
    Longitude
    -88.079151
    Latitude
    38.698445

    Nearby Similar for Sale

    • $949,900
      10.03 Acres

      Olney Industrial Property - 10 Acres

      Spacious Warehouse & Office Space - 10 Acres
      3471 Union Dr, Olney, IL 62450
      View Details
    • $345,000
      2,375 SF

      Olney Industrial Property - $345K

      Flex/Warehouse space, 5.5 acres, great potential.
      600 Camp Ave, Olney, IL 62450
      View Details
    • $799,000
      11,700 SF

      Olney, IL Commercial Office Building

      Executive & Creative Office Space, 11,700 SF
      4295 Holly Rd, Olney, IL 62450
      View Details

    FAQs

    What type of property is this?
    Warehouse - 99,000 SF warehouse and office space on 10+ acres.
    Where is this warehouse located?
    The property is located at 3471 N Union Dr Olney, IL.
    What is the asking price?
    The asking price for this property is $949,900.
    What are key features of this property?
    This property features: - 99,000 sq ft steel frame building offers significant space.; - Over 10 acres of fenced acreage provides security and space.; - Combination of warehouse and office space allows for versatile use.
    (812) 881-7509
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    3471 N Union Dr Olney, IL 62450
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    Olney, IL 62450
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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
    3471 N Union Dr Olney, IL 62450
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