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    1915 Schram Ave Hillsboro, IL 62049

    Sponsored
    For Sale
    $500,000

    11-Acre Industrial Site, 60,000 SF Warehouse

    Property size:
    60,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity presents a substantial 60,000 square foot warehouse situated on an expansive 11-acre lot in Hillsboro, Illinois. The property, formerly the Hillsboro Glass Plant, is located at 1915 Schram Ave, 62049, and boasts a single-story structure built in 1950. Zoned for heavy industrial use (APN: 17-06-376-015 & 014), this vacant warehouse offers significant potential for adaptive reuse. The asking price is $500,000. The property features partially intact rail spurs, although switches have been removed, presenting unique logistical advantages. The building is currently unfinished, allowing for complete customization to suit a tenant's specific needs. Note that an adjacent 100,000 square foot warehouse is also available for sale. Lease rates for the subject property will be quoted based on the desired finish-out specifications. This is a prime opportunity for investors seeking a large-scale industrial project in a strategic location. The property's size and location make it ideal for a variety of industrial uses. Serious inquiries are encouraged.

    Property Features for 1915 Schram Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    60,000 SF
    Lot Size
    479,160 SF

    Building Details

    Year Built
    1950
    Stories
    1

    HighLights

    • 11‑acre site with partially intact rail spurs (switches removed).
    • 60,000+/- SF warehouse, finish‑out to suit.
    • Adjacent 100,000 SF warehouse also available for sale.
    • Lease rates quoted based on tenant finish requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Solarships Solar Energy Equipment Supplier Livingston Pipe and Tube Pipe Supplier

    Suggested Use

    Restaurant Hair Salon Building Supply Auto Repair Shop Skin Care Clinic Gym & Fitness Wholesale Shop Daycare Center Kitchen & Bath Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Montgomery
    State
    Illinois
    Longitude
    -89.4693436
    Latitude
    39.1591794

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    Nearby Similar for Sale

    • $500,000
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      60,000 SF Warehouse on 11 Acres

      60,000 SF warehouse on 11 acres, finish-to-suit opportunity.
      1915 Schram Ave, Hillsboro, IL 62049
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      a new business or office space. Two levels with multiple entrances make this perfect for creating a space for your own business and use the other areas as potential rental investments! Affordably priced

      so this one won't last long. Make your appointment today!""""}"""
      115 Hamilton St, Hillsboro, IL 62049
      View Details
    • $159,900
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      Hillsboro Bowling Alley - Turnkey Business

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    FAQs

    What type of property is this?
    Distribution property - 11-Acre Industrial Site, 60,000 SF Warehouse
    Where is this distribution property located?
    The property is located at 1915 Schram Ave Hillsboro, IL.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 11-acre site with partially intact rail spurs (switches removed).; 60,000+/- SF warehouse, finish-out to suit.; Adjacent 100,000 SF warehouse also available for sale.
    Request Owner's contact information
    1915 Schram Ave Hillsboro, IL 62049
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    Hillsboro, IL 62049
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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
    1915 Schram Ave Hillsboro, IL 62049
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