1011 12Th Avenue Ct Milan, IL 61264
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.
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.
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