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    1618 E Illini St Phoenix, AZ 85040

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    For Sale
    $2,500,000

    5,100 SF industrial property with paved yard, near I-17.

    Property size:
    5,100 SF
    Lot size:
    1.07 Acres

    Property Features for 1618 E Illini St

    General Information

    Size
    5,100 SF
    Lot size
    1.07 Acres

    Source: Rein & Grossoehme Agent Max Schumacher

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

    Overview

    Phoenix Industrial Property with Yard

    This property features a total building area of approximately 5,100 square feet, comprising a 3,600-square-foot shop building with office space and a 1,500-square-foot accessory building. The shop building includes three bays, each equipped with 12’ x 14’ grade-level doors. The property offers a clear height of 20 to 21 feet. The property includes APNs: 122-30-052, 051, 050, 082B. The majority of the yard is paved. Centrally located just south of Downtown Phoenix, the property provides immediate access to I-17.
    Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store Nail Salon

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

    Similar Places Nearby

    Iron Mountain, Low Budget Movers

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.0441387
    Latitude
    33.413834

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    FAQs

    What type of property is this?
    Warehouse - 5,100 SF industrial property with paved yard, near I-17.
    Where is this warehouse located?
    The property is located at 1618 E Illini St Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Immediate Access to I-17; - Centrally Located Just South of Downtown Phoenix; - **±3,600 SF Three Bay Shop Building and Office**
    (480) 214-9400
    Request Owner's contact information
    1618 E Illini St Phoenix, AZ 85040
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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
    1618 E Illini St Phoenix, AZ 85040
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