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Property profile & analytics
OFF-MARKET
Office Spaces

701 West St Olney, IL 62450

2.52 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Lot 2.52 ac (109,771 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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