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Manufacturing Facility With Crane Systems
For Sale
$1,600,000

630 4TH Street W, Milan, IL 61264

Two-building industrial complex with upgraded power, lighting, and varied production, office, and storage areas.

Property Size45,152 SF
Lot Size2.76 Acres
Price / SF$35.44
Days on Market72

Property Features for 630 4TH Street W

General Information

Standard status Active
Size 45,152 SF
Lot size 2.76 Acres
Property subtype Commercial
Zoning I-1

Warehouse & Industrial

Office Build-Out 5,280 SF
Dock-High Doors 3
Three-Phase Power Yes
Sprinkler System Yes

Taxes and HOA fees

Annual Taxes $36,256

Amenities

conference room
breakroom

Building Details

Building Size 45,152 SF
Year Built 1950
Buildings 2
Stories 1
Listing Agency: Hawkeye Commercial Real Estate
Listed By: Shawn Stuenkel · License #S67977000/475.189483
Source: Perillorealestategroup
Added: Jun 4 Changed: Aug 13 Last Checked: Aug 13 at 12:55PM

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 Hawkeye Commercial Real Estate

Investment Insights

Based on property information with market context.

This manufacturing property includes two buildings totaling 45,152 square feet on 2.76 acres (MOL). The principal 35,252-square-foot structure contains approximately 5,280 square feet of office area, six restrooms, a conference room, storage closets, an open bullpen/work area, and a breakroom. Production features include 3-phase power, eight 1-3-ton crane systems, two dock doors including one pit dock, and full sprinkler coverage. Improvements include LED lighting, interior and exterior painting, exterior tuck pointing, and new A/C installed in 2023.

The additional 9,900-square-foot building has an open layout with one small office, radiant ceiling heat, one 10-foot overhead door, and one 12-foot dock door. Its electrical system was updated in early 2025 to add 3-phase power and LED lighting; the building does not have A/C. The property is zoned I-1 and was built in 1950 at 630 4TH Street W, Milan, IL 61264.

Key Highlights

  • 45,152 sq. ft. across two buildings on 2.76 acres (MOL)
  • Main building measures 35,252 SF and includes approximately 5,280 sq. ft. of office space
  • Eight 1‑3‑ton crane systems and 3‑phase power in the main building

Property Analytics

Current Use

Manufacturing properties

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Garden Center Auto Parts Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Dock-high doors
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

476
Businesses Nearby

Demographics for 61264, IL

10,157
Population
4,978
Households
2
Avg Household Size
47
Median Age
23%
College-Educated
91%
High-School Grad
68.9 sq mi
ZIP Area
147
Density / Sq Mi
$78,285
Median Household Income
$50,389
Median Earnings
$832
Median Rent
$147,700
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
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Frequently Asked Questions

What type of property is this?
Manufacturing property - Two-building industrial complex with upgraded power, lighting, and varied production, office, and storage areas.
Where is this manufacturing property located?
The property is located at 630 4TH Street W Milan, IL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 45,152 sq. ft. across two buildings on 2.76 acres (MOL); Main building measures 35,252 SF and includes approximately 5,280 sq. ft. of office space; Eight 1‑3‑ton crane systems and 3‑phase power in the main building
More about this property
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