124 River St Momence, IL 60954
- Commercial real estate
- 0.21 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 124 River St
- Lot size
- 0.21 lot acres
- Property type
- Commercial real estate
- APN
- 05-11-19-104-021
- APU
- 51119104021
Description
This exceptional 9,000-square-foot industrial/office building in Momence, Illinois, presents a fantastic investment opportunity. Located at 124 E River Street, the property boasts a versatile layout ideal for a variety of businesses. The building comprises 5,500 square feet of warehouse space and 3,500 square feet of well-appointed office space. The office area is thoughtfully designed with seven individual offices and an open bullpen area, providing flexibility for different work styles and team sizes. The building's M-1 Manufacturing District zoning allows for a wide range of industrial uses, expanding potential business applications. Recent improvements include a brand-new roof installed in 2024, ensuring long-term structural integrity and minimizing maintenance concerns. The heated warehouse space is equipped with a convenient locker room and three overhead doors – two measuring 14' x 9' and one measuring 8' x 8' – providing ample access for loading and unloading of materials and equipment. Ample parking is available, with convenient street parking directly in front of the building and approximately 50 public parking spaces situated across the street along the scenic Kankakee River. This property offers a unique blend of functionality, modern amenities, and a prime location, making it an attractive proposition for discerning investors and businesses seeking a well-maintained and versatile space. The asking price is $599,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $460,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $515,000
- 6.5%
- $555,000
- 7%
- $490,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $590,000
- Geo Method
- $475,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $540,000
- Retail
- $595,000
- Mixed-Use
- $555,000
- Hospitality
- $495,000
- Educational
- $480,000
- Residential Income
- $590,000
- Energy
- $500,000
- Income-Based Land
- $525,000
- Food Service
- $535,000
Location Insight
- Map
- Local Demand
- City
- Momence
- County
- Kankakee
- State
- Illinois
- Longitude
- -87.6616
- Latitude
- 41.1625
- CBSA code
- 28100
- CBSA name
- KANKAKEE-BRADLEY, IL METROPOLITAN STATISTICAL AREA