305 Forest Dr Highland, IL 62249
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Versatile 2,300 SF Office & Warehouse
Property size:
2,300 SFProperty Features for 305 Forest Dr
General Information
- Property type
- Distribution properties
- Square Feet
- 2,300 SF
- Class
- C
- Lot Size
- 92,347 SF
Building Details
- Year Built
- 2009
- Buildings
- 1
Listing Agency: EXP REALTY LLC - Darin Revermann Listing Agent: Darin Revermann
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 2,300 square foot commercial property, located at 305 Forest Dr in Highland, Illinois, presents a unique investment opportunity. The building, constructed in 2009, boasts a blend of office and warehouse space, perfectly suited for a variety of businesses. The 1,296 square foot office area features a well-designed layout including a private office, reception area, conference room, showroom, mechanical room, and a compliant ADA restroom, accessible via a convenient rear entrance. The 900 square foot warehouse space offers ample storage with a 15x12 overhead door, 16-foot ceilings, heated floors, and a separate rear entrance. Adding to its functionality, the property includes a backup generator, ensuring uninterrupted operations. Situated on a sizable 2.12-acre corner lot zoned Industrial C-3, this property offers significant flexibility for future expansion or development. The lot also features a large fenced area and a 40x30 carport. The property is currently 100% occupied under a gross lease. The asking price is $719,000, representing a compelling 8.00% cap rate and a price per square foot of $313. Owner financing is available, making this an attractive proposition for discerning investors. The property's location in the Highway Business District provides excellent visibility and accessibility.
Property Profile
Location Intelligence
Current Use by Public Records
Distribution centers
Location Insight
- Map
- Local Demand
- City
- Highland
- County
- Madison
- State
- Illinois
- Longitude
- -89.6740907
- Latitude
- 38.7483513
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FAQs
What type of property is this?
Distribution property - Versatile 2,300 SF Office & Warehouse
Where is this distribution property located?
The property is located at 305 Forest Dr Highland, IL.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: 2,300 SF commercial building on a 2.12-acre lot in Highland, IL.; Built in 2009, featuring 1,296 SF of office space and 900 SF of warehouse space.; Office space includes private office, reception, conference room, showroom, mechanical room, and ADA-compliant restroom.
