1421 Industrial Park Road Minonk, IL 61760
COMMERCIAL - Minonk, IL
- Added:
- Jul 10, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 13 at 11:06 am
Property Features for 1421 Industrial Park Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 0501401029
- Lot size
- 1.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4785
Utilities
- Utilities
- Natural Gas Available
- Cooling system
- Central Air
Building Details
- Year built
- 2010
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Steel Siding
Listing agent Craig Meyer License #471005506 (309) 208-0728
Listing office Meyer-Jochums Agency 119 W 5th Street, MINONK, IL (309) 208-0728
Listing date Jul 10, 2026
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located at 1421 Industrial Park Road in Minonk, Illinois, in a high-visibility area near IL Rt 251 and I-39. Ample parking is available, and the site sits at the edge of Minonk alongside other commercial uses.
Zoned COMMR, the building’s configuration supports a range of commercial applications, including retail, wellness, distribution/logistics, automotive-related business, or event use, depending on how the space is organized.
Key Highlights
- 2010‑built, 4,800 SF climate‑controlled multi‑purpose building with steel siding
- Currently operates as a gaming parlor with liquor‑licensed LLC and established customer base
- Includes a fitness center with 20+ commercial machines, plus space for a training studio
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.2k | $9.00 |
| − Vacancy | −$1.9k | −$0.41 |
| EGI | $41.3k | $8.59 |
| − OpEx | −$6.2k | −$1.29 |
| NOI | $35.1k | $7.31 |
