Building Details

Year Built 2010

Buildings 1

Listing Agency: Meyer-Jochums Agency

Listed By: Craig Meyer · License #471005506 Show Phone

Source: Bktchicago

Added: Jul 15 Changed: Oct 1 Last Checked: Oct 4 at 11:13AM

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Investment Insights

Based on property information with market context.

Built in 2010, this climate-controlled 4800 sq ft mixed-use building brings together several commercial components under one roof. The property includes a gaming parlor operated with a liquor-licensed LLC, a complete fitness center equipped with 20+ commercial machines, nine storage units, and a commercial garage with office space. Ample parking is provided, with room available for additional parking.

The property is positioned along IL Rt 251 near I39 at the edge of Minonk, Illinois. Nearby commercial uses include a gas station, restaurant, automotive-related businesses, and a metal fabrication company. Zoning is COMMR, and the building’s varied configuration supports its current combination of gaming, fitness, storage, and garage operations.

Key Highlights

• 4800 sq ft climate‑controlled mixed‑use building built in 2010
• Gaming parlor with liquor‑licensed LLC
• Fitness center with 20+ commercial machines

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,068

Cap Rate

8.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$701,360 $701.4K

Cap Rate 7%

$500,971 $501.0K

Cap Rate 9%

$389,644 $389.6K

Market Conditions

NOI Build-Up for 4,800 SF

Gross rent

$43.2K $9.00/SF

− Vacancy

−$1.9K −$0.41/SF

EGI

$41.3K $8.59/SF

− OpEx

−$6.2K −$1.29/SF

NOI

$35.1K $7.31/SF

Area

Woodford County, IL

Vacancy

4.50%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$701,360

Cap Rate 7%

$500,971

Cap Rate 9%

$389,644

Alternative Uses

Best Use

Mixed Use

$709.7K

$621.0K – $828.0K (±1% cap)

NOI $49,680 @ 7.0% cap · market cap 12.45%

Second Best

Self Storage

$529.9K

$463.7K – $618.2K (±1% cap)

NOI $37,094 @ 7.0% cap · market cap 9.30%

Theoretical Best

Multifamily LT 5

$4.20M

$3.67M – $4.90M (±1% cap)

NOI $293,930 @ 7.0% cap · market cap 73.67%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Gold Star Solutions Hardware & Home Improvement Gold Star Home ... Home Inspector Gold Star Gaming ... Gambling House

Suggested Use

Top Pick Parking Lot & Garage Auto Repair Shop Auto Parts Store Garden Center Big Box & Wholesale Store Pharmacy

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

Lease Details

Turnkey business

Opportunity

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

26

Businesses Nearby

Explore this area Business Placement

Demographics for 61760, IL

2,350

Population

1,048

Households

2.2

Avg Household Size

44

Median Age

19%

College-Educated

88%

High-School Grad

69.9 sq mi

ZIP Area

34

Density / Sq Mi

$65,035

Median Household Income

$41,543

Median Earnings

$985

Median Rent

$121,900

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Climate-controlled property combines gaming, fitness, storage, and commercial garage space.

Where is this mixed-use property located?

The property is located at 1421 Industrial Park Rd Minonk, IL.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: 4800 sq ft climate‑controlled mixed‑use building built in 2010; Gaming parlor with liquor‑licensed LLC; Fitness center with 20+ commercial machines