Warehouse
For Sale
Contact for pricing
1245 E Bluff St, Marseilles, IL 61341
Single-floor warehouse space with city sewer and city water on an approximately one-half to one-acre lot.
Property Size2,500 SF
Lot Size0.92 Acres
Price / SF$100
Days on Market562
Property Features for 1245 E Bluff St
General Information
Standard status
Active
Size
2,500 SF
Lot size
0.92 Acres
Additional Details
Utilities to Site
Yes
Building Details
Stories
1
Listing Agency:
Coldwell Banker Commercial Real Estate Group
(815) 405-3679
Listed By:
Nick Ferro · License #471018453
(815) 405-3679
Source:
Moodyscre
Added: Jan 22, 2025
Changed: Jul 30
Last Checked: Aug 6 at 11:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This warehouse building offers one available floor with an average floor size of 2,500 SF. The space is configured with a max contiguous area of 2,500 SF and a min divisible area of 2,500 SF, supporting straightforward occupancy planning for a single user. The building is listed as over 50 years old and the average occupancy rate is 0.0.
Located at 1245 E Bluff St in Marseilles, IL, the property sits on a lot measuring 400x100. Utilities include city sewer and city water.
The configuration is sized for tenants seeking a single, continuous warehouse footprint rather than multiple smaller divisions, with the overall lot size identified as between 1/2 and 1 acre.
Located at 1245 E Bluff St in Marseilles, IL, the property sits on a lot measuring 400x100. Utilities include city sewer and city water.
The configuration is sized for tenants seeking a single, continuous warehouse footprint rather than multiple smaller divisions, with the overall lot size identified as between 1/2 and 1 acre.
Key Highlights
- 400x100 lot dimension
- Lot size: 1/2 - 1 Acre
- One available floor, 2,500 SF average floor size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,519
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$390,380
$390.4K
Cap Rate 7%
$278,843
$278.8K
Cap Rate 9%
$216,878
$216.9K
Market Conditions
NOI Build-Up for 2,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.3K $9.72/SF
− Vacancy
−$1.3K −$0.53/SF
EGI
$23.0K $9.19/SF
− OpEx
−$3.4K −$1.38/SF
NOI
$19.5K $7.81/SF
Area
LaSalle, IL
La Salle County, LA
Vacancy
5.50%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$390,380
Cap Rate 7%
$278,843
Cap Rate 9%
$216,878
Alternative Uses
Best Use
Warehouse
$278.8K
$244.0K – $325.3K
NOI $19,519 @ 7.0% cap · market cap 7.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$625.7K
$547.5K – $730.0K
NOI $43,800 @ 7.0% cap · market cap 17.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61341, IL
8,092
Population
3,419
Households
2.4
Avg Household Size
43
Median Age
21%
College-Educated
94%
High-School Grad
91.7 sq mi
ZIP Area
88
Density / Sq Mi
$78,895
Median Household Income
$47,513
Median Earnings
$1,048
Median Rent
$179,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Single-floor warehouse space with city sewer and city water on an approximately one-half to one-acre lot.
Where is this warehouse located?
The property is located at 1245 E Bluff St Marseilles, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 400x100 lot dimension; Lot size: 1/2 - 1 Acre; One available floor, 2,500 SF average floor size
