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    450 Illinois St Benton, IL 62812

    For Sale
    $850,000

    36,600 SF Manufacturing Plant, Court Sale

    Property size:
    36,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 36,600-square-foot manufacturing facility in Benton, Illinois, is being offered for sale by court order to partially satisfy a plaintiff's judgment. The property, located at 450 E Illinois St, boasts 35,200 square feet of warehouse space and 1,400 square feet of office space. Built in 1974 and renovated in 2010, the single-story building sits on a 9.4-acre lot and features a desirable 18 to 24-foot clear ceiling height. The warehouse is equipped with six 14-foot grade-level overhead doors, providing ample access for loading and unloading. The property also includes 60 parking spaces and an 8-foot perimeter fence for added security. The electrical service is robust, featuring 480V, three-phase, 800-amp power. Conveniently located north of Benton and less than a mile from the Benton Municipal Airport, this property offers easy access to I-57. The sale is a court-ordered sale, and the contract will be court-approved. The purchaser will receive title free and clear, as provided by law. This is not a tax sale, and the current owner has no right of redemption. All offers will be considered. The asking price is $850,000, or $23.22 per square foot. The property's APN is 08-07-426-001. The permitted zoning is Industrial.

    Property Features for 450 Illinois St

    General Information

    Property type
    Manufacturing properties
    Square Feet
    36,600 SF
    Class
    C
    Lot Size
    409,464 SF

    Building Details

    Year Built/Renovated
    1974/2010
    Stories
    1

    HighLights

    • 36,600 SF industrial building; 1,400 SF office, 35,200 SF warehouse.
    • 24‑foot clear height warehouse ceiling.
    • 480V, three‑phase, 800‑amp electrical service.
    • Six 14‑foot grade‑level overhead doors.
    • 8‑foot perimeter fence.
    • Court‑ordered sale; clear title conveyance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Benton
    County
    Franklin
    State
    Illinois
    Longitude
    -88.9127198
    Latitude
    38.0157263

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    FAQs

    What type of property is this?
    Manufacturing property - 36,600 SF Manufacturing Plant, Court Sale
    Where is this manufacturing property located?
    The property is located at 450 Illinois St Benton, IL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 36,600 SF industrial building; 1,400 SF office, 35,200 SF warehouse.; 24-foot clear height warehouse ceiling.; 480V, three-phase, 800-amp electrical service.
    Request Owner's contact information
    450 Illinois St Benton, IL 62812
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    Benton, IL 62812
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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
    450 Illinois St Benton, IL 62812
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