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    4295 Holly Rd Olney, IL 62450

    For Sale
    $799,000

    Executive & Creative Office Space, 11,700 SF

    Property size:
    11,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional three-story commercial building, located at 4295 N Holly Rd, Olney, IL 62450, offers 11,700 square feet of versatile office space ideal for executive or creative businesses. Built in 1983 on a 0.8-acre lot (35,284 square feet), the property boasts a mix of office configurations to suit various needs. The first floor includes eight offices, a conference room, two restrooms, and a reception area. The second floor provides twelve offices and one restroom. The third floor features four offices, a reception area, a fully furnished kitchen, two restrooms, and a large conference area. The building is equipped with an elevator and both front and back staircases, ensuring convenient access for all. Windows are insulated glass, wood, and double-hung. The roof is a Duro-Last system installed January 15, 2009. Heating and cooling are provided by Lennox gas forced-air furnaces with geothermal support. A pull-alarm fire control system and a security system are in place. The building is handicap accessible and features three-phase electric service. This multi-tenant property is zoned for commercial use and presents a significant opportunity for investors. The property may also be leased or purchased in conjunction with a separate property at 600 S. Camp St., Olney, IL. Asking price is $799,000.

    Property Features for 4295 Holly Rd

    General Information

    Property type
    Office space
    Square Feet
    11,700 SF
    Lot Size
    34,848 SF

    Building Details

    Year Built
    1983
    Stories
    3

    HighLights

    • Office space available.
    • Duro‑Last roofing system.
    • Lennox HVAC furnace.
    • Handicap‑accessible building.
    • 35,284 square foot lot.
    • Three‑phase electrical service.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Olney
    County
    Richland
    State
    Illinois
    Longitude
    -88.0578159
    Latitude
    38.7261895

    Nearby Comparable

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      Olney Industrial Property - $345K

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      600 Camp Ave, Olney, IL 62450
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    • $949,900
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      99,000 SF Warehouse/Office Building

      99,000 SF warehouse and office space on 10+ acres.
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    • $949,900
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      Olney Industrial Property - 10 Acres

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    Nearby Similar for Sale

    • $949,900
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      99,000 SF Warehouse/Office Building

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      3471 N Union Dr, Olney, IL 62450
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    • $949,900
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      Olney Industrial Property - 10 Acres

      Spacious Warehouse & Office Space - 10 Acres
      3471 Union Dr, Olney, IL 62450
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    • $345,000
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      Olney Industrial Property - $345K

      Flex/Warehouse space, 5.5 acres, great potential.
      600 Camp Ave, Olney, IL 62450
      View Details

    FAQs

    What type of property is this?
    Office space - Executive & Creative Office Space, 11,700 SF
    Where is this office space located?
    The property is located at 4295 Holly Rd Olney, IL.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Office space available.; Duro-Last roofing system.; Lennox HVAC furnace.
    Request Owner's contact information
    4295 Holly Rd Olney, IL 62450
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4295 Holly Rd Olney, IL 62450
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