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    11601 Frank Bonan Industrial Dr Benton, IL 62812

    Sponsored
    For Sale
    $1,500,000

    15,000 SF Warehouse, $1M+

    Property size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15,000-square-foot warehouse, built in 2008 and renovated in 2024, is situated on a 3.41-acre lot in Benton, Illinois. The single-story building boasts a 26-foot ceiling height and features two 8'x10' dock-high doors with levelers, plus a 12'x14' drive-in door. The warehouse offers clear span column spacing and is fully sprinklered and heated. Its convenient location is less than a mile from Interstate 57 and the Benton Municipal Airport (with a 400' x 75' runway), providing excellent accessibility. The property is zoned for industrial use and benefits from its location within a Tax Increment Financing (TIF) District, Enterprise Zone, and Opportunity Zone, offering potential tax advantages. The asking price is $1,500,000, translating to $100 per square foot. The property's APN is 07-13-100-025. This prime location and well-maintained facility present a compelling investment opportunity.

    Property Features for 11601 Frank Bonan Industrial Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    15,000 SF
    Lot Size
    148,540 SF

    Building Details

    Year Built/Renovated
    2008/2024
    Buildings
    1
    Stories
    1

    HighLights

    • 15,000 SF warehouse on 3.41 acres in Benton, IL.
    • Built in 2008, renovated in 2024.
    • Features 26' ceilings, two 8'x10' dock‑high doors with levelers, and a 12'x14' drive‑in door.
    • Clear span, sprinklered, and heated.
    • Excellent access to I‑57 and Benton Municipal Airport.
    • Zoned industrial, located in a TIF, Enterprise Zone, and Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Benton
    County
    Franklin
    State
    Illinois
    Longitude
    -88.9404662
    Latitude
    38.008185

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    FAQs

    What type of property is this?
    Distribution property - 15,000 SF Warehouse, $1M+
    Where is this distribution property located?
    The property is located at 11601 Frank Bonan Industrial Dr Benton, IL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 15,000 SF warehouse on 3.41 acres in Benton, IL.; Built in 2008, renovated in 2024.; Features 26' ceilings, two 8'x10' dock-high doors with levelers, and a 12'x14' drive-in door.
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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
    11601 Frank Bonan Industrial Dr Benton, IL 62812
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