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OFF-MARKET
Retail properties & Spaces

400 Madison St Towanda, IL 61776

3,850 SF
Property ID
Property summary
AI-generated overview

This exceptional 3,850-square-foot Class A flex building, located at 400 S Madison St in Towanda, IL 61776, presents a unique investment opportunity. Formerly a fire station, this single-story structure offers a blend of modern amenities and industrial functionality. The property features four overhead doors, each with garage door openers and remotes, ensuring easy access for various uses. The interior boasts polished concrete floors throughout the office and warehouse areas, providing a durable and attractive finish. The air-conditioned office space includes a large open area, a private office, and two restrooms—one equipped with a mop sink. Modern upgrades include LED lighting, a surround sound system, new man doors, and two hanging heaters. The building is pre-wired for a generator (generator not included). All shelving units are included in the sale. Conveniently located off I-55, exit 171, this property offers easy access to Normal and Bloomington. The block structure and steel roof promise low-maintenance ownership. This vacant property is priced at $479,000, or $124.42 per square foot. Don't miss this chance to own a versatile and well-maintained industrial space in a prime location.

Property profile
Verified
Property type Retail properties & Spaces
Total area 3,850 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Baillie Industries Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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