Multi-Use Commercial
1421 Industrial Park Road Minonk, IL 61760
1421 Industrial Park Road, Minonk, IL, 61760
$399,000
For Sale
$399,000
COMMERCIAL - Minonk, IL
Property Size4,800 SF
Lot Size1.12 Acres
Price / SF$83.13
Days on Market9
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 Agency
Meyer-Jochums Agency
(309) 208-0728
119 W 5th Street, MINONK, IL
Listed by
Craig Meyer · License #471005506
(309) 208-0728
Added: Jul 10 Checked: Jul 18 at 2:06 am
MLS# 12695309
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.
This climate-controlled multi-purpose commercial building includes a gaming parlor with a liquor-licensed LLC, a complete fitness center with 20+ commercial machines, nine storage units, and commercial garage space with an office. The current setup is designed for multiple on-site revenue streams, with room for additional use within the existing layout.
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.
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 |
4,800 SF · lease $9.00/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Self Storage
$529.9K
$463.7K – $618.2K
NOI $37,094 @ 7.0% cap · market cap 9.30%
Second Best
Warehouse
$501.0K
$438.4K – $584.5K
NOI $35,068 @ 7.0% cap · market cap 8.79%
Theoretical Best
Multifamily LT 5
$4.20M
$3.67M – $4.90M
NOI $293,930 @ 7.0% cap · market cap 73.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gold Star Solutions
Hardware & Home Improvement
Gold Star Home ...
Home Inspector
Gold Star Gaming ...
Gambling House
FAQs
What type of property is this?
Casino - Climate-controlled building with a gaming parlor, fitness center, storage units, and commercial garage space.
Where is this casino located?
The property is located at 1421 Industrial Park Road 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: 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
