1503 West Front Street, Roanoke, IL 61561
Long-term NNN lease covers a large industrial warehouse on a multi-acre parcel in Roanoke, IL.
- Added:
- Jun 16, 2026
- Days on Market:
- 21
- Last Refresh:
- Jun 20 at 6:53 am
Property Features for 1503 West Front Street
General Information
- Standard status
- Active
- Size
- 37,717 SF
- Lot size
- 9.85 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2006
Listing office SURMOUNT (332) 345-4222
Listing date Jun 16, 2026
Source Crexi
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 SURMOUNT
HighLights
- 2006‑built industrial warehouse property with 37,717 rentable SF on an estimated 9.85‑acre parcel
- 20‑year Triple Net (NNN) lease in place with Basin Industries
- Lease term will commence upon close of escrow
- Annual rent is $260,247 with scheduled 2.00% annual increases
Overview
The property is located at 1503 West Front Street in Roanoke, IL 61561. Per the public remarks, the 20-year Triple Net (NNN) lease is set to commence upon close of escrow, establishing the timeline for when the landlord’s lease obligations begin under the agreement.
From an ownership standpoint, the lease terms call for an initial annual rent of $260,247, with scheduled 2.00% annual increases. The remaining lease profile is therefore designed to provide predictable contractual rent escalations over the term, subject to the terms of the executed NNN lease and the commencement at closing.
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 | $339.5k | $9.00 |
| − Vacancy | −$15.3k | −$0.41 |
| EGI | $324.2k | $8.59 |
| − OpEx | −$48.6k | −$1.29 |
| NOI | $275.6k | $7.31 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Roanoke
- County
- Woodford
- State
- Illinois
- Longitude
- -89.219004
- Latitude
- 40.792238
