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    9924 2Nd St Machesney Park, IL 61115

    Sponsored
    For Sale
    $949,000

    10,918 SF Warehouse, $949,000

    Property size:
    10,918 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 10,918-square-foot industrial property, located at 9924 N 2nd St in Machesney Park, Illinois, presents a compelling investment opportunity. The single-tenant building, constructed in 1998, boasts a desirable distribution and warehouse configuration, ideal for a variety of uses. The property sits on a substantial 2.47-acre lot, offering ample space for expansion or future development. Key features include five overhead doors, a showroom, a warehouse area with floor drains, and an additional building equipped with four overhead doors, perfect for cold storage applications. The property includes 40 parking spaces and is conveniently located in Winnebago County, Illinois, with the address 9924 N 2nd St, zip code 61115. The heated building is situated on a 107,593 square foot lot, legally described as Douglas Farms Bng Sub Lying in Pt Nw 1/4 Sec 20-45-2 That Pt Lying W of Tr to State by Comdemnation G 23411 of Lots 17 & 18. The asking price is $949,000, translating to $86.92 per square foot. This property offers significant potential for both immediate occupancy and long-term redevelopment. The property's APN is 08-20-151-002.

    Property Features for 9924 2Nd St

    General Information

    Property type
    Distribution properties
    Square Feet
    10,918 SF
    Lot Size
    107,593 SF

    Building Details

    Year Built
    1998
    Buildings
    1
    Stories
    1

    HighLights

    • 107,593 SF land parcel.
    • Heated building.
    • Legal Description: Douglas Farms Bng Sub, portion of NW 1/4, Section 20‑45‑2, west of the state's condemnation right‑of‑way (G 23411), including portions of Lots 17 & 18.
    • Single tenant occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Brightside Supply Medical Supply Store Kings and Queens Mattresses Mattress Store Intoxalock Ignition Interlock Safety Equipment Supplier Love's Park Auto ... Auto Parts Store Tint Kings Window Tinting Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Machesney Park
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.0375526
    Latitude
    42.3652993

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    Nearby Similar for Sale

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      Machesney Park Commercial Property

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      Machesney Park Showroom/Warehouse For Sale

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    FAQs

    What type of property is this?
    Distribution property - 10,918 SF Warehouse, $949,000
    Where is this distribution property located?
    The property is located at 9924 2Nd St Machesney Park, IL.
    What is the asking price?
    The asking price for this property is $949,000.
    What are key features of this property?
    This property features: 107,593 SF land parcel.; Heated building.; Legal Description: Douglas Farms Bng Sub, portion of NW 1/4, Section 20-45-2, west of the state's condemnation right-of-way (G 23411), including portions of Lots 17 & 18.
    Request Owner's contact information
    9924 2Nd St Machesney Park, IL 61115
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    Machesney Park, IL 61115
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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
    9924 2Nd St Machesney Park, IL 61115
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