Property profile

450 Illinois St Benton, IL 62812

OFF-MARKET
Industrial properties
36,600 SF 9.4 ac lot Built 1974
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Property summary

AI-generated overview

This exceptional 36,600-square-foot manufacturing facility in Benton, Illinois, is being offered for sale by court order to partially satisfy a plaintiff's judgment. The property, located at 450 E Illinois St, boasts 35,200 square feet of warehouse space and 1,400 square feet of office space. Built in 1974 and renovated in 2010, the single-story building sits on a 9.4-acre lot and features a desirable 18 to 24-foot clear ceiling height. The warehouse is equipped with six 14-foot grade-level overhead doors, providing ample access for loading and unloading. The property also includes 60 parking spaces and an 8-foot perimeter fence for added security. The electrical service is robust, featuring 480V, three-phase, 800-amp power. Conveniently located north of Benton and less than a mile from the Benton Municipal Airport, this property offers easy access to I-57. The sale is a court-ordered sale, and the contract will be court-approved. The purchaser will receive title free and clear, as provided by law. This is not a tax sale, and the current owner has no right of redemption. All offers will be considered. The asking price is $850,000, or $23.22 per square foot. The property's APN is 08-07-426-001. The permitted zoning is Industrial.

Property profile

Verified
Property type Industrial properties
Year built 1974
Total area 36,600 SF
Lot 9.4 ac (409,464 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

450 Illinois St Benton, IL 62812
Benton metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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