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    29738 1400 Rd Ellsworth, IL 61737

    Sponsored
    For Sale
    $649,000

    6.5-acre flex space, $649,000

    Property size:
    15,660 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 6.5-acre industrial property, located at 29738 E. 1400 North Road in Ellsworth, Illinois (zip code 61737), presents a unique investment opportunity. The property boasts a total of 15,660 square feet of space distributed across three buildings, offering significant flexibility for a variety of uses. Currently zoned for agriculture, the property's previous use as a hemp growing facility highlights its suitability for indoor and outdoor cultivation, featuring dedicated indoor growing rooms. The property's expansive lot size provides ample room for expansion or additional development. The McLean County location offers convenient access to transportation routes and infrastructure. With its versatile design and substantial acreage, this property is ideal for entrepreneurs seeking a multi-faceted industrial space. The asking price is $649,000. The APN is 16-36-400-006. This institutional-grade investment is ready for its next chapter. Serious inquiries only.

    Property Features for 29738 1400 Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    15,660 SF
    Lot Size
    283,140 SF

    Building Details

    Buildings
    3

    HighLights

    • 6.5‑acre industrial property in Ellsworth, IL (61737), APN 16‑36‑400‑006.
    • 15,660 SF across three buildings.
    • Currently zoned agricultural; previously used for hemp cultivation, ideal for indoor/outdoor growing.
    • Ample room for expansion.
    • Convenient McLean County location with good access to transportation.
    • Asking price: $649,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Ellsworth
    County
    McLean
    State
    Illinois
    Longitude
    -88.693528498862
    Latitude
    40.486335255908

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    FAQs

    What type of property is this?
    Distribution property - 6.5-acre flex space, $649,000
    Where is this distribution property located?
    The property is located at 29738 1400 Rd Ellsworth, IL.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: 6.5-acre industrial property in Ellsworth, IL (61737), APN 16-36-400-006.; 15,660 SF across three buildings.; Currently zoned agricultural; previously used for hemp cultivation, ideal for indoor/outdoor growing.
    Request Owner's contact information
    29738 1400 Rd Ellsworth, IL 61737
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    Ellsworth, IL 61737
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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
    29738 1400 Rd Ellsworth, IL 61737
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