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    1405 Walnut St Highland, IL 62249

    For Sale
    $350,000

    21,000 SF office/warehouse property for sale.

    Property size:
    21,000 SF
    Lot size:
    0.69 Acres

    Property Features for 1405 Walnut St

    General Information

    Size
    21,000 SF
    Lot size
    0.69 Acres

    Source: BARBERMurphy Agent Cole Hensel

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

    Overview

    Office/Warehouse on 1.22 Acres

    This 21,000 square foot office/warehouse property is situated on 1.22 acres. The warehouse area features clear heights ranging from 8 to 12 feet, one 8' x 8' dock, one 10' x 10' drive-in door, and one 10' x 8' drive-in door. It is equipped with a 3-phase 240/120V 600 AMP electrical service. The office space encompasses 10,000 square feet and includes multiple private offices, conference rooms, and a kitchenette. The office area was renovated in 2020. The property is located 7 miles from I-70.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Oberbeck Grain Co, Plaza Self Storage, LLC, Storage Rentals of America, Fifth Street Storage, Storage Rentals of America

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    Madison
    State
    Illinois
    Longitude
    -89.681427
    Latitude
    38.736714

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    FAQs

    What type of property is this?
    Warehouse - 21,000 SF office/warehouse property for sale.
    Where is this warehouse located?
    The property is located at 1405 Walnut St Highland, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - 10,000 SF renovated office space featuring private offices, conference rooms, and a kitchenette.; - 21,000 SF total space, offering a blend of office and warehouse functionality.; - Equipped with 3-phase 240/120V 600 AMP electrical service.
    (618) 606-2646
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    1405 Walnut St Highland, IL 62249
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    Highland, IL 62249
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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
    1405 Walnut St Highland, IL 62249
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