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    OFF-MARKET
    Commercial real estate

    27268 Us Highway 6, Princeton, IL 61356

    364,356 SF Built 1976
    Property ID
    Property summary
    AI-generated overview

    This expansive industrial property, located at 27268 US Highway 6 in Princeton, Illinois, presents a unique opportunity for a variety of businesses. The site encompasses a substantial 242+ acres (approximately 10,628,640 square feet) and features a total of 364,356 square feet of building space. The property's history includes use as a mushroom growing facility, with existing structures reflecting this past use. However, the significant size and versatile layout offer considerable potential for redevelopment and repurposing. Key features include a substantial distribution facility equipped with four recessed trailer docks, perfectly suited for efficient loading and unloading operations. Additional buildings on the site provide ample space for maintenance, storage, and potential expansion. The sheer scale of this property makes it ideal for large-scale industrial or agricultural applications, offering significant room for growth and adaptation to a wide range of business needs. The property's location near Princeton provides convenient access to transportation routes and infrastructure, further enhancing its appeal to prospective buyers. This is a rare opportunity to acquire a substantial property with significant potential for future development. The property is offered at $2,462,000.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1976
    Total area 364,356 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
    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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