Building Details

Year Built 1956

Listing Agency: Heartland Realty 11 LLC

Listed By: Nancie Dempsey · License #475190221 Show Phone

Source: Bktchicago

Added: Sep 2 Changed: Sep 23 Last Checked: Oct 4 at 1:41PM

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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 Heartland Realty 11 LLC

Investment Insights

Based on property information with market context.

This 9,756-square-foot concrete flex building offers a broad interior footprint with two private offices, basement storage, and additional storage areas. The property includes two conveyor belts and a scissor lift, along with HVAC updated in 2015 and a 600-amp electrical service. These features support a range of commercial operations, including retail, service, manufacturing, equipment, and warehouse uses.

Located at 748 N Brinton Ave in Dixon, Illinois, the property includes more than 50 parking spaces. A new roof, canopy, and exterior paint were completed in 2023, while the parking lot was sealed in August 2026. The building was constructed in 1956 and provides a durable concrete structure for continued customization.

Key Highlights

• 9,756‑square‑foot concrete flex building
• 600‑amp electrical service with HVAC updated in 2015
• Two private offices, basement storage, and additional storage areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$82,545

Cap Rate

5.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,650,900 $1.7M

Cap Rate 7%

$1,179,214 $1.2M

Cap Rate 9%

$917,167 $917.2K

Market Conditions

NOI Build-Up for 9,756 SF

Gross rent

$102.4K $10.50/SF

− Vacancy

−$5.3K −$0.55/SF

EGI

$97.1K $9.95/SF

− OpEx

−$14.6K −$1.49/SF

NOI

$82.5K $8.46/SF

Area

Lee County, IL

Vacancy

5.20%

Lease Rate

$10.50 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,650,900

Cap Rate 7%

$1,179,214

Cap Rate 9%

$917,167

Alternative Uses

Best Use

Warehouse

$1.18M

$1.03M – $1.38M (±1% cap)

NOI $82,545 @ 7.0% cap · market cap 5.50%

Second Best

Flex RnD

$1.11M

$968.9K – $1.29M (±1% cap)

NOI $77,512 @ 7.0% cap · market cap 5.17%

Theoretical Best

Office A

$2.66M

$2.33M – $3.10M (±1% cap)

NOI $186,144 @ 7.0% cap · market cap 12.41%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Oliver's Corner Market Grocery & Convenience Store Oliver's Food Pride ... Grocery & Convenience Store Northrop Grumman Security Service

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Bakery Plumbing Service (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

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

Location Intelligence

Trade Area within ½ mile

468

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 61021, IL

22,984

Population

10,110

Households

2.3

Avg Household Size

44

Median Age

21%

College-Educated

89%

High-School Grad

150.1 sq mi

ZIP Area

153

Density / Sq Mi

$65,719

Median Household Income

$40,805

Median Earnings

$823

Median Rent

$144,800

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

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Substantial storage, private offices, and adaptable infrastructure support varied commercial operations.

Where is this flex space located?

The property is located at 748 N Brinton Ave Dixon, IL.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: 9,756‑square‑foot concrete flex building; 600‑amp electrical service with HVAC updated in 2015; Two private offices, basement storage, and additional storage areas