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Three-Story Flex Distribution Building
For Sale
$350,000

407 W Ryder St, Litchfield, IL 62056

Three-story building with over 20,000 SF, office-ready first floor with bathrooms, plus two additional full floors.

Property Size20,000 SF
Price / SF$17.50
Days on Market129

Property Features for 407 W Ryder St

General Information

Standard status Active
Size 20,000 SF

Taxes and HOA fees

Annual Taxes $4,334

Building Details

Stories 3
Listing Agency: RE/MAX Alliance
Listed By: Mike Mihelcic · License #475155256
Source: Exprealty
Added: May 1 Changed: Aug 25 Last Checked: Sep 5 at 1:20PM

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 RE/MAX Alliance

Investment Insights

Based on property information with market context.

This three-story flex distribution building offers over 20,000 SF and is currently configured with a functional office area on the first floor, including bathrooms. Two additional full floors upstairs provide space that can support a range of operational needs, including storage, manufacturing, or leasing to others, depending on how you plan to use the property.

The building was originally constructed as a grocery distribution center and is located in Litchfield, Illinois at 407 W Ryder St. The seller has completed major exterior upgrades, including a brand-new roof and new vinyl windows throughout.

With dedicated office space on the main level and substantial, flexible area across the upper floors, the property is set up for immediate occupancy while still offering room to expand or subdivide for additional income.

Key Highlights

  • Over 20,000 SF across three stories in the heart of Litchfield
  • First floor is set up as functional office space with bathrooms
  • Two additional full floors provide space to store, manufacture, or lease

Property Analytics

Current Use

Mr Paul's Metal ... Construction Company

Suggested Use

Top Pick Real Estate Agency Plumbing Service Electrical Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Skin Care Clinic

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

517
Businesses Nearby
Under-served
Demand for This Use

Demographics for 62056, IL

8,559
Population
4,095
Households
2.1
Avg Household Size
43
Median Age
26%
College-Educated
94%
High-School Grad
107.4 sq mi
ZIP Area
80
Density / Sq Mi
$62,705
Median Household Income
$39,511
Median Earnings
$655
Median Rent
$119,800
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Three-story building with over 20,000 SF, office-ready first floor with bathrooms, plus two additional full floors.
Where is this flex space located?
The property is located at 407 W Ryder St Litchfield, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Over 20,000 SF across three stories in the heart of Litchfield; First floor is set up as functional office space with bathrooms; Two additional full floors provide space to store, manufacture, or lease
More about this property
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