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    701 Vermillion St Streator, IL 61364

    Sponsored
    For Sale
    Contact for pricing

    Spacious warehouse, ample outdoor space, ideal for logistics.

    Property size:
    25,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property in Streator, Illinois, offers a rare combination of indoor and outdoor space, perfect for various uses. The 28,000 square foot warehouse boasts 8 loading docks and 3 drive-in doors, ensuring efficient operations. Ceiling heights vary up to 30 feet, providing ample vertical space. The property includes two 2-ton cranes, enhancing operational capabilities. Significant outdoor storage and truck parking are available on over 8 acres of land, a highly desirable feature for logistics and trucking businesses. The property benefits from heavy power (440 Volt) on-site. Its strategic location in central Illinois offers easy access to major interstates I-55, I-80, and I-39. The property is zoned for industrial use and is situated within a Federal Opportunity Zone and a Tax Increment Financing (TIF) district. Clean environmental reports are available. The current business operation (a pallet company) is also available for sale, offering a unique owner-user or investment opportunity. This property presents a compelling opportunity for businesses seeking a well-equipped, strategically located industrial space with significant expansion potential. The property is offered for sale by owner.

    Property Features for 701 Vermillion St

    General Information

    Property type
    Distribution properties
    Square Feet
    25,000 SF

    HighLights

    • Currently operating pallet company, business sale optional.
    • Excellent highway access: equidistant to I‑55, I‑80, and I‑39.
    • Clean environmental due diligence completed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    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
    Streator
    County
    LaSalle
    State
    Illinois
    Longitude
    -88.8304759
    Latitude
    41.1132514

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    FAQs

    What type of property is this?
    Distribution property - Spacious warehouse, ample outdoor space, ideal for logistics.
    Where is this distribution property located?
    The property is located at 701 Vermillion St Streator, IL.
    What are key features of this property?
    This property features: Currently operating pallet company, business sale optional.; Excellent highway access: equidistant to I-55, I-80, and I-39.; Clean environmental due diligence completed.
    Request Owner's contact information
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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
    701 Vermillion St Streator, IL 61364
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