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Property profile & analytics

701 Vermillion St Streator, IL 61364

  • Commercial real estate
  • 26,404 SF
  • 6.91 lot acres
Value Estimation
Last Sale
Jul 01, 2021
$350,000
Location Intelligence
Property ID
US28-4784041
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,037
$0.00
$26,373
$26,373
-
$0.00
$79,119
$79,119
More about this property
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