701 Vermillion St Streator, IL 61364
- Commercial real estate
- 26,404 SF
- 6.91 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 701 Vermillion St
- Lot size
- 6.91 lot acres
- Property size
- 26,404 SF
- Property type
- Commercial real estate
- APN
- 33-36-431-000
- APU
- 3336431000
Description
This exceptional industrial property in Streator, Illinois, offers a rare combination of indoor and outdoor space, perfect for various uses. The 28,000 square foot warehouse boasts 8 loading docks and 3 drive-in doors, ensuring efficient operations. Ceiling heights vary up to 30 feet, providing ample vertical space. The property includes two 2-ton cranes, enhancing operational capabilities. Significant outdoor storage and truck parking are available on over 8 acres of land, a highly desirable feature for logistics and trucking businesses. The property benefits from heavy power (440 Volt) on-site. Its strategic location in central Illinois offers easy access to major interstates I-55, I-80, and I-39. The property is zoned for industrial use and is situated within a Federal Opportunity Zone and a Tax Increment Financing (TIF) district. Clean environmental reports are available. The current business operation (a pallet company) is also available for sale, offering a unique owner-user or investment opportunity. This property presents a compelling opportunity for businesses seeking a well-equipped, strategically located industrial space with significant expansion potential. The property is offered for sale by owner.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $355,000
- 6.5%
- $340,000
- 7%
- $360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $285,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $270,000
- Retail
- $325,000
- Mixed-Use
- $270,000
- Hospitality
- $330,000
- Educational
- $330,000
- Residential Income
- $340,000
- Energy
- $305,000
- Income-Based Land
- $355,000
- Food Service
- $350,000
Location Insight
- Map
- Local Demand
- City
- Streator
- County
- Lasalle
- State
- Illinois
- Longitude
- -88.8294
- Latitude
- 41.1135
- CBSA code
- 36837
- CBSA name
- OTTAWA, IL MICROPOLITAN STATISTICAL AREA