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    1405 Walnut St Highland, IL 62249

    For Sale
    $495,000

    21,000 SF, Updated Office & Warehouse

    Property size:
    21,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 21,000 square foot commercial property in Highland, Illinois presents a unique investment opportunity. The building, constructed in 1980 and extensively renovated in 2020, seamlessly blends office and warehouse space. The warehouse component boasts a generous 11,000 square feet with impressive ceiling heights ranging from 8 to 12 feet, facilitating efficient storage and operations. Loading and unloading are simplified with one 8x8-foot loading dock, plus two drive-in doors (one 10x10 feet and one 10x8 feet). Robust electrical service is provided by a 3-phase 240/120V 600 AMP system. The 10,000 square foot office area, completely renovated in 2020, features multiple private offices, well-appointed conference rooms, and a convenient kitchenette. This versatile space is ideal for a variety of businesses. Situated on a 21,000 square foot lot (approximately 1.22 acres) and zoned for commercial use, this property offers significant potential. Its convenient location, just 7 miles from Interstate 70, ensures easy access to major transportation routes. The property's combination of updated office space and functional warehouse area makes it an attractive option for owner-occupiers or investors seeking a strong return. The property is located at 1405 Walnut St, Highland, IL 62249, with APN 01-2-24-05-10-103-014. This is a single, two-story building.

    Property Features for 1405 Walnut St

    General Information

    Property type
    Distribution properties
    Square Feet
    21,000 SF

    Building Details

    Year Built/Renovated
    1980/2020
    Buildings
    1
    Stories
    2

    HighLights

    • $495,000 asking price for a 21,000 square foot industrial/office property.
    • 21,000 square foot building on a 21,000 square foot lot, built in 1980 and renovated in 2020.
    • Features include one loading dock, 8'-12' ceiling heights, and 3‑phase 240/120V 600 AMP electrical service.
    • The property includes 10,000 square feet of office space with private offices, conference rooms, and a kitchenette.
    • Located at 1405 Walnut St, Highland, IL 62249, seven miles from I‑70.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    Madison
    State
    Illinois
    Longitude
    -89.680986
    Latitude
    38.7358346

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    FAQs

    What type of property is this?
    Distribution property - 21,000 SF, Updated Office & Warehouse
    Where is this distribution property located?
    The property is located at 1405 Walnut St Highland, IL.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: $495,000 asking price for a 21,000 square foot industrial/office property.; 21,000 square foot building on a 21,000 square foot lot, built in 1980 and renovated in 2020.; Features include one loading dock, 8'-12' ceiling heights, and 3-phase 240/120V 600 AMP electrical service.
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    Highland, IL 62249
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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
    1405 Walnut St Highland, IL 62249
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