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    Warehouse Property on 11.31 Acres Title is generated by Realmo AI

    726 Main St, Worden, IL

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    Industrial property with warehouse space and outdoor storage.

    Type:INDUSTRIAL
    Property size:
    12,808 SF
    Lot size:
    12.17 Acres
    Price / SF:
    $58/SF
    Added:
    Jun 26, 2025
    Days on Market:
    376
    Last Refresh:
    May 20 at 9:44 pm

    Property Features for 726 Main St

    General Information

    Standard status
    Active
    Size
    12,808 SF
    Lot size
    12.17 Acres
    Property subtype
    INDUSTRIAL

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    Steve C Zuber
    Steve C Zuber

    Listing office BARBERMurphy

    Listing date Jun 26, 2025

    Source Moodyscre

    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 BARBERMurphy

    HighLights

    • 11.31 acre industrial property with two warehouses totaling 13,400 sf.
    • +\/- 6.5 acres improved with rock for outdoor storage, currently leased.
    • Additional 2 acres of farm ground available for further development.
    • Existing leases are short term, offering flexibility.
    • Warehouses are wood frame with metal skin.
    • Current total net annual income of $23,808.24.

    Overview

    This industrial property is situated on 11.31 acres and includes two buildings totaling 13,400 square feet of warehouse space. The warehouses, located at 655 Main Street and 726 Main Street, are currently leased by three tenants on short-term leases. The building at 655 Main Street is a 2,400 square foot wood frame warehouse with metal skin, while the building at 726 Main Street is a 10,408 square foot wood frame warehouse with metal skin. Approximately 6.5 acres are improved with rock for outdoor storage and leased by two tenants. There are also 2 acres of farm ground available for further development. The total net annual income is $23,808.24. All leases are at below-market value lease rates.

    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 $77.6k $6.06
    − Vacancy −$2.0k −$0.16
    EGI $75.6k $5.90
    − OpEx −$11.3k −$0.89
    NOI $64.3k $5.02
    12,808 SF · lease $6.06/SF/yr · vacancy 2.60% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $918.0K
    $803.2K – $1.07M (±1% cap)
    NOI $64,259 @ 7.0% cap · market cap 8.57%
    Second Best
    Industrial
    $756.0K
    $661.5K – $882.0K (±1% cap)
    NOI $52,919 @ 7.0% cap · market cap 7.06%
    Theoretical Best
    Office A
    $3.49M
    $3.05M – $4.07M (±1% cap)
    NOI $244,377 @ 7.0% cap · market cap 32.58%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Big Box & Wholesale Store Dental Office Auto Repair Shop Gym & Fitness Center Accounting Firm (Bike/Boat/Book/etc) Store Wine and Liquor Store Pet Grooming Service Storage Facility Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Foster's Indoor Storage — 312 E Wall St, Worden, IL 62097
    • Worden Storage — Worden, IL 62097

    Location Insight

    • Map
    • Local Demand
    City
    Worden
    County
    Madison
    State
    Illinois
    Longitude
    -89.8408
    Latitude
    38.9283

    FAQs

    What type of property is this?
    Warehouse - Industrial property with warehouse space and outdoor storage.
    Where is this warehouse located?
    The property is located at 726 Main St Worden, IL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 11.31 acre industrial property with two warehouses totaling 13,400 sf.; +\/- 6.5 acres improved with rock for outdoor storage, currently leased.; Additional 2 acres of farm ground available for further development.
    (618) 277-4400 Call to check price and availability
    More about this property
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