27268 Us-6, Princeton, IL 61356
This expansive 249.6-acre industrial property in Princeton, Illinois, presents a unique redevelopment opportunity. Located near Princeton and Peru, the site includes four primary structures totaling 364,356 square feet, previously used as a mushroom growing facility. Features include a distribution facility with four recessed loading docks and overhead doors, plus additional mushroom growing and maintenance buildings. The property is zoned Agricultural District (A) and offers significant potential for adaptive reuse, such as food processing, manufacturing, or solar development. The existing infrastructure includes asphalt roads, gravel parking lots, and grassy areas. The substantial undeveloped acreage allows for expansion or separate resale. Its strategic location provides easy access to major highways including US Hwy 6, I-80, I-180, and I-39, facilitating regional connectivity. The property's APN is 17-22-100-009, 17-22-300-001, 17-22-100-008, and 17-21-400-004. The asking price is $2,962,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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