Self-Storage Facility with Expansion
515 W Lafayette St., Olney, IL 62450
For Sale
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Fenced, gated storage property with security cameras and room for additional physical development.
Property Size11,000 SF
Lot Size1.20 Acres
Price / SF$67.73
Days on Market32
Property Features for 515 W Lafayette St.
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Additional Details
Fenced Yard
Self-Storage Units
Tenant in Place
Property Use
Amenities
barbed-wire fencing
gravel drives
security lighting
security cameras
Listing Agency:
EquiCap Commercial
Listed By:
Alex Erbs · License IL 475.216506
Source:
Crexi
Added: Oct 9
Changed: Nov 8
Last Checked: Nov 8 at 4:58PM
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 EquiCap Commercial
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Investment Insights
Based on property information with market context.
Olney Self Storage is a 92-unit, non-climate-controlled facility with 11,000 net rentable square feet. Units range from 5' x 10' to 10' x 20'. The property has perimeter fencing, an access gate, security lighting, security cameras and gravel drives. Approximately 0.5 acres of the 1.20-acre parcel is available for physical expansion.
The facility is located at 515 W. Lafayette Street in Olney, Illinois, within the Enterprise Zone map. As of September 30, 2026, physical occupancy was 82% and economic occupancy was 91%. The surrounding five-mile market had a population of approximately 10,500 and five identified storage facilities.
The facility is located at 515 W. Lafayette Street in Olney, Illinois, within the Enterprise Zone map. As of September 30, 2026, physical occupancy was 82% and economic occupancy was 91%. The surrounding five-mile market had a population of approximately 10,500 and five identified storage facilities.
Key Highlights
- 92 non‑climate storage units totaling 11,000 net rentable square feet
- Unit sizes range from 5' x 10' to 10' x 20'
- 1.20‑acre parcel with approximately 0.5 acres available for physical expansion
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
82%
Occupancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
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Business Placement
Demographics for 62450, IL
11,978
Population
5,881
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
92%
High-School Grad
157.3 sq mi
ZIP Area
76
Density / Sq Mi
$60,133
Median Household Income
$37,218
Median Earnings
$761
Median Rent
$111,600
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Self storage facility - Fenced, gated storage property with security cameras and room for additional physical development.
Where is this self storage facility located?
The property is located at 515 W Lafayette St. Olney, IL.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: 92 non‑climate storage units totaling 11,000 net rentable square feet; Unit sizes range from 5' x 10' to 10' x 20'; 1.20‑acre parcel with approximately 0.5 acres available for physical expansion
