305 Forest Dr Highland, IL 62249
- Warehouses
- 2,300 SF
- 2.12 lot acres
Current Use by Public Records
- Warehouses
Property Details for 305 Forest Dr
- Year built
- 2009
- Lot size
- 2.12 lot acres
- Property size
- 2,300 SF
- Property type
- Warehouses
- Property subtype
- Office Properties & Spaces
Description
This exceptional 2,300 square foot commercial property, located at 305 Forest Dr in Highland, Illinois, presents a unique investment opportunity. The building, constructed in 2009, boasts a blend of office and warehouse space, perfectly suited for a variety of businesses. The 1,296 square foot office area features a well-designed layout including a private office, reception area, conference room, showroom, mechanical room, and a compliant ADA restroom, accessible via a convenient rear entrance. The 900 square foot warehouse space offers ample storage with a 15x12 overhead door, 16-foot ceilings, heated floors, and a separate rear entrance. Adding to its functionality, the property includes a backup generator, ensuring uninterrupted operations. Situated on a sizable 2.12-acre corner lot zoned Industrial C-3, this property offers significant flexibility for future expansion or development. The lot also features a large fenced area and a 40x30 carport. The property is currently 100% occupied under a gross lease. The asking price is $719,000, representing a compelling 8.00% cap rate and a price per square foot of $313. Owner financing is available, making this an attractive proposition for discerning investors. The property's location in the Highway Business District provides excellent visibility and accessibility.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Highland
- County
- Madison
- State
- Illinois
- Longitude
- -89.6741
- Latitude
- 38.7484
