101 Sebastian Dr Gladstone, IL 61437
This exceptional commercial property in Gladstone, IL, presents a rare opportunity. Spanning nearly two acres (1.98 acres to be exact), this offering includes three substantial buildings totaling over 12,290 square feet of versatile space. Ideal for a variety of commercial uses, the property boasts significant infrastructure. Building 1 (40x80), constructed in 2000, features 240v 3-phase power. Building 2 (30x63), built in 2003, offers 480v 3-phase power. The main building (60x120), completed in 2006, also includes 240v 3-phase power. The property is equipped for specialized operations, including dip tanks, a large and small oven, and a 25' paint booth. The seller, retiring after over two decades, values the buildings and land at over $1.5 million. This turnkey opportunity is perfect for an established business seeking expansion or a new venture looking for a ready-made facility. Pre-approved buyers only. The property's location in Gladstone, IL, offers convenient access to transportation and local amenities. This is a unique chance to acquire a substantial commercial property with significant existing infrastructure and considerable potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.