451 Illinois St Benton, IL 62812
This exceptional industrial property, located at 451 E Illinois St, Benton, IL 62812, presents a significant investment opportunity. The 117,400 square foot warehouse sits on a substantial 10.62-acre lot, fully enclosed by an 8-foot perimeter fence. Built in 1978 and renovated in 2006, this Class C building offers 16,000 square feet of office space and 101,315 square feet of warehouse space. The property boasts eight grade-level loading docks, including two 18' x 13' doors, one 20' x 14' door, two 12' x 8' doors, one 10' x 10' door, one 14' x 12' door, and one 21' x 14' door. Ceiling heights range from 15 to 19 feet. The property features in-place fiberglass spray booths and ample parking for 40 vehicles. The zoning is industrial, and the property is conveniently located near Interstate 57 and less than a mile from the Benton Municipal Airport. This former Bombardier Boat Factory is being sold by court order to partially satisfy a plaintiff's judgment. The sale is subject to court approval but will provide a title free and clear of any right of redemption. An adjacent manufacturing facility is also available for sale. The asking price is $800,000, with a price per square foot of $6.81. The property is offered as a NNN lease with single tenancy. The APN is 08-07-200-028.
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
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