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305 Forest Dr Highland, IL 62249

For Sale
$719,000

Versatile 2,300 SF Office & Warehouse

Property size:
2,300 SF

Description

Added:
Dec 11, 2024
Days on Market:
369
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 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

HighLights

  • 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.
  • Warehouse features 15x12 overhead door, 16' ceilings, heated floors, and separate rear entrance.
  • Property includes a backup generator, large fenced area, and 40x30 carport; zoned Industrial C‑3.
  • Currently 100% occupied under a gross lease; asking price $719,000, 8.00% cap rate, $313/SF.
Property Profile Location Intelligence

Current Use by Public Records

Distribution centers

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Highland
County
Madison
State
Illinois
Longitude
-89.6740907
Latitude
38.7483513

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.
More about this property
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