701 West St Olney, IL 62450
This exceptional commercial property, situated on the highly visible Route 130 in Olney, Illinois, presents a unique investment opportunity. The asking price is $650,000. The substantial 32,560 square foot building sits on a 2.52-acre lot, completely enclosed by a perimeter fence. The roof has been recently updated. The interior is adaptable, featuring multiple zones suitable for various retail or service businesses. Alternatively, the internal separation walls can be removed to create a large, open warehouse space. The property boasts five loading docks, two of which are conveniently located inside the building. Ample parking is available, catering to both retail customers and a large workforce. Utilities are readily available, including natural gas, municipal water, municipal sewer, and three-phase electrical service. This property's strategic location and versatile layout make it an ideal choice for a wide range of commercial ventures. The address is 701 S. West St., Olney, IL 62450.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.