Heated Flex Shop with
30 2nd Avenue West Milan, IL 61264
New
30 2nd Avenue West, Milan, IL, 61264
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For Sale
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Brick and steel flex facility with a heated shop, multiple overhead doors, and a fully built-out office suite.
Property Size3,600 SF
Lot Size0.40 Acres
Price / SF$100
Days on Market6
Property Features for 30 2nd Avenue West
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Lot size
- 0.40 Acres
- Property subtype
- Retail, Industrial
Building Details
- Year Built
- 1950
Listing agency
Epique Realty
(563) 505-1806
Listed by
Kyle Robinson · License #S62397000
Source
Crexi
Added: Jul 17 Updated: Jul 22 at 1:59AM Checked: Jul 22 at 1:59AM
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 Epique Realty
Investment Insights
Based on property information with market context.
This brick and steel flex facility includes a heated shop plus a full office suite. The heated shop features open-truss ceilings, tubular infrared heat, LED lighting, floor drains, a large water storage tank, and multiple overhead doors for practical day-to-day access. The office portion is designed for workflow and support, with multiple private offices, a dedicated reception area, an employee locker room, and a fully equipped break room with cabinetry and stainless appliances, along with two bathrooms and a utility/mechanical room. A brick front elevation with a covered entry helps present a professional street-facing look.
Set on a prominent corner lot in Milan, Illinois, the property sits on a nearly 0.4-acre all-concrete, fully fenced yard. The concrete yard wraps around the building and provides direct access to the shop doors, offering room that can support fleet parking, equipment staging, and outdoor storage in addition to the building itself.
Overall, the layout is suited for an owner-user seeking to consolidate office and shop operations under one roof, supported by both indoor shop functionality and enclosed outdoor work space.
Set on a prominent corner lot in Milan, Illinois, the property sits on a nearly 0.4-acre all-concrete, fully fenced yard. The concrete yard wraps around the building and provides direct access to the shop doors, offering room that can support fleet parking, equipment staging, and outdoor storage in addition to the building itself.
Overall, the layout is suited for an owner-user seeking to consolidate office and shop operations under one roof, supported by both indoor shop functionality and enclosed outdoor work space.
Key Highlights
- Approximately 3,600 SF brick and steel commercial/industrial building built in 1950 on nearly 0.4 acres
- Heated shop includes open‑truss ceilings, tubular infrared heat, LED lighting, and floor drains
- Shop has multiple overhead doors and direct access from an expansive, all‑concrete, fully fenced yard
Local Financial Insights For Flex RnD
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 | $49.7k | $13.80 |
| − Vacancy | −$3.9k | −$1.08 |
| EGI | $45.8k | $12.72 |
| − OpEx | −$16.0k | −$4.45 |
| NOI | $29.8k | $8.27 |
3,600 SF · lease $13.80/SF/yr · vacancy 7.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$425.3K
$372.2K – $496.2K
NOI $29,773 @ 7.0% cap · market cap 8.27%
Second Best
Warehouse
$401.5K
$351.3K – $468.5K
NOI $28,107 @ 7.0% cap · market cap 7.81%
Theoretical Best
Healthcare Medical
$613.1K
$536.5K – $715.3K
NOI $42,917 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Brick and steel flex facility with a heated shop, multiple overhead doors, and a fully built-out office suite.
Where is this flex space located?
The property is located at 30 2nd Avenue West Milan, IL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Approximately 3,600 SF brick and steel commercial/industrial building built in 1950 on nearly 0.4 acres; Heated shop includes open‑truss ceilings, tubular infrared heat, LED lighting, and floor drains; Shop has multiple overhead doors and direct access from an expansive, all‑concrete, fully fenced yard
