Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4557 Il-173 Caledonia, IL 61011
    Back to Search
    Property profile & analytics

    4557 Il-173 Caledonia, IL 61011

    View on Map
    • Warehouses
    • 6,104 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 4557 Il-173

    Year built
    1970
    Property size
    6,104 SF
    Property type
    Warehouses
    Property subtype
    Land

    Description

    This exceptional opportunity presents a turnkey salvage yard operation encompassing a 6,104-square-foot warehouse situated on a substantial 4.63-acre lot (201,683 sq ft) in Caledonia, Illinois. The property, located at 4557 IL-173, boasts a prime location at the intersection of Highways 173 and 76, benefiting from high visibility and convenient access. The single-story warehouse, built in 1970, features three dock-high doors, facilitating efficient loading and unloading. Currently zoned I-1 (Light Industrial), the property offers significant potential for various uses. The sale includes the land, the established business, and its existing inventory; however, the land can also be purchased separately. The asking price for the entire package (land, business, and inventory) is $1,800,000, while the land alone is priced at $1,700,000. Detailed inventory lists and financial records are available upon execution of a non-disclosure agreement. The property's APN is 0323100002. This is a rare opportunity to acquire a well-established business with significant land holdings in a desirable location. Don't miss out on this unique investment prospect.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Caledonia
    County
    Boone
    State
    Illinois
    Longitude
    -88.8528
    Latitude
    42.3708

    Comparable in this City

    • Value Estimation by Request
      4.63 Acres

      4557 Il-173 Hwy

      Land • 4.63 Acres
      4557 Il-173 Hwy, Caledonia, IL 61011
      View Details
    • Value Estimation
      $4,000,000
      60,000 SF

      7195 Greenlee Dr

      INDUSTRIAL (GENERAL) • 60,000 SF
      7195 Greenlee Dr, Machesney Park, IL 61011-9613
      View Details
    • Value Estimation by Request
      5,246 SF

      2402 Main St, Unit 8

      INDUSTRIAL (GENERAL) • 5,246 SF
      2402 Main St, Caledonia, IL 61011-9315
      View Details
    • Value Estimation by Request
      0.14 Acres

      Caledonia, IL 61011

      VACANT COMMERCIAL LAND • 0.14 Acres
      Caledonia, IL 61011
      View Details
    • Value Estimation by Request
      0.06 Acres

      Caledonia, IL 61011

      VACANT COMMERCIAL LAND • 0.06 Acres
      Caledonia, IL 61011
      View Details
    • Value Estimation by Request
      1.53 Acres

      2270 Il Rte 173

      VACANT COMMERCIAL LAND • 1.53 Acres
      2270 Il Rte 173, Caledonia, IL 61011-9786
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Modern Industrial Facility in Loves Park

      319,600 SF industrial facility built in 2019, near I-90.
      4704 Interstate Blvd, Loves Park, IL 61011
      View Details
    • $53,900

      Land For Sale Caledonia

      Land available in Caledonia, Illinois.
      2802 Newbury Ln, Caledonia, IL 61011
      View Details
    • $53,900

      Land For Sale Caledonia

      Land available in Caledonia, Illinois.
      2811 Newbury Ln, Caledonia, IL 61011
      View Details
    • $78,900

      Corner Lot in Boone County

      1.61 acre corner lot with mature trees.
      11999 Oakridge Rd, Caledonia, IL 61011
      View Details
    • $54,900
      1.10 Acres

      Acre-Plus Lot in Boone County

      Exclusive 50-acre subdivision with beautiful views in Boone County, IL.
      13596 Bennington Ct, Caledonia, IL 61011
      View Details
    • $51,900
      0.93 Acres

      Residential Land in Boone County

      0.93 acre lot in exclusive 50-acre Caledonia subdivision.
      2631 Newbury Ln, Caledonia, IL 61011
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4557 Il-173
    Caledonia, IL 61011
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4557 Il-173, Caledonia, IL, 61011
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!