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    1522 Main St Benton, IL 62812

    For Sale
    $260,000

    17,000 SF Warehouse, Leased Through 2026

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a substantial 17,000 square foot commercial warehouse situated on a 1.04-acre parcel at 1522 N MAIN Street in Benton, Illinois. Built in 1965, this single-building property is ideally located at the north edge of town, offering convenient access to key transportation routes (specific details not provided). Currently leased, generating a stable monthly income of $2,500, the lease agreement extends through December 2026, providing a secure return on investment for the foreseeable future. The property's classification encompasses commercial, warehouse, land, industrial, and retail uses, offering flexibility for future development or continued lease operations. The property's zoning and specific permitted uses are not detailed here. The asking price for this well-positioned Benton, IL property is $260,000. This represents a compelling opportunity for investors seeking a stable, income-producing asset in a growing market. Further due diligence is recommended to fully assess the property's potential and suitability for your investment strategy. Detailed financial statements and lease agreements are available upon request. The property is located in Franklin County, Illinois, zip code 62812.

    Property Features for 1522 Main St

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1965
    Buildings
    1

    HighLights

    • 17,000 SF warehouse on a 1.04‑acre lot at 1522 N MAIN Street, Benton, IL.
    • Built in 1965, located at the north edge of town with convenient access to major transportation routes.
    • Currently leased for $2,500/month through December 2026.
    • Zoned for commercial, warehouse, land, industrial, and retail uses.
    • Asking price: $260,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Restaurant Building Supply Clothing Store Auto Repair Shop Gym & Fitness Wholesale Shop Accounting Firm Hotel & Motel Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Benton
    County
    Franklin
    State
    Illinois
    Longitude
    -88.9200568
    Latitude
    38.0151321

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    FAQs

    What type of property is this?
    Distribution property - 17,000 SF Warehouse, Leased Through 2026
    Where is this distribution property located?
    The property is located at 1522 Main St Benton, IL.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: 17,000 SF warehouse on a 1.04-acre lot at 1522 N MAIN Street, Benton, IL.; Built in 1965, located at the north edge of town with convenient access to major transportation routes.; Currently leased for $2,500/month through December 2026.
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    1522 Main St Benton, IL 62812
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    Benton, IL 62812
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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
    1522 Main St Benton, IL 62812
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