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    1011 12Th Avenue Ct Milan, IL 61264
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    1011 12Th Avenue Ct, Milan, IL 61264

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    • Warehouses
    Off-Market

    Value Estimations
    Cap Rate Potential
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    Current Use by Public Records

    • Warehouses

    Property Details for 1011 12Th Avenue Ct

    Property type
    Warehouses
    Property subtype
    Land

    Description

    This exceptional 4,250 square foot industrial/flex space is situated within the desirable Linn Business Park, part of the Milan Industrial Park. The property features a single-tenant warehouse component of 2,954 square feet, boasting a 17-foot ceiling height, a convenient 12' x 14' drive-in door, energy-efficient LED lighting, and ample mezzanine storage. Power is readily available, with 480V-3PH service. The upscale office area encompasses 1,296 square feet, including a spacious reception area, two private offices, and a well-appointed kitchen/breakroom. The lease rate is $7.50 per square foot, NNN, with additional expenses of $5.21 per square foot. An optional 480 square foot clean room is available at a gross lease rate of $1.50 per square foot. The property sits on a single parcel (APN: 16-26-118-001) and is zoned I-1. The building includes 15 total parking spaces. This is a prime opportunity for businesses seeking a versatile and well-equipped industrial/flex space in a thriving industrial park. The property is a single-tenant building within a larger 17,000 square foot building.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

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    • Local Demand
    City
    Milan
    County
    Mercer
    State
    Illinois
    Longitude
    -90.5829
    Latitude
    41.4409
    More about this property
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