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    33289 1500 Ave Spring Valley, IL 61362

    Sponsored
    For Sale
    $1,100,000

    17,952 SF Warehouse, 6.2 Acres

    Property size:
    17,952 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 17,952-square-foot industrial property, situated on a sizable 6.2-acre lot in Spring Valley, Illinois, presents a unique investment opportunity. The property, built in 1970, boasts a steel frame construction with a 14-foot ceiling height and is zoned Commercial, B3. The building features 16 loading docks, 6 dock-high doors, and ample space for shipping and receiving, totaling approximately 7,000 square feet with insulated walls. A substantial 5-acre graveled area provides extensive parking and staging for semi-trailers and tractors. The property also includes a 2,800-square-foot main floor office space and an additional 2,360-square-foot basement area. The former truck terminal is secured by a chain-link fence and gated entrance, ensuring a high level of security. The asking price is $1,100,000, translating to $39.55 per square foot. Additional features include 6 drive-in doors accessing a 5,792-square-foot service and maintenance area, and three-phase power. The property's location in Bureau County, Illinois, with the address 33289 1500 N Ave, zip code 61362, offers convenient access to major transportation routes. This property is currently vacant and ready for immediate occupancy.

    Property Features for 33289 1500 Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    17,952 SF
    Lot Size
    270,072 SF

    Building Details

    Year Built
    1970
    Stories
    1

    HighLights

    • Steel frame construction.
    • Clear span design.
    • 17,952 square feet of warehouse space.
    • 6.2‑acre lot with chain link fencing.
    • Five‑acre gravel parking and staging area.
    • Sixteen loading docks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Spring Valley
    County
    Bureau
    State
    Illinois
    Longitude
    -89.2123237
    Latitude
    41.364868

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    FAQs

    What type of property is this?
    Distribution property - 17,952 SF Warehouse, 6.2 Acres
    Where is this distribution property located?
    The property is located at 33289 1500 Ave Spring Valley, IL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Steel frame construction.; Clear span design.; 17,952 square feet of warehouse space.
    Request Owner's contact information
    33289 1500 Ave Spring Valley, IL 61362
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    Spring Valley, IL 61362
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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
    33289 1500 Ave Spring Valley, IL 61362
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