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    OFF-MARKET
    Industrial properties

    120 Clark St, Freeport, IL 61032-3328

    0.82 ac lot Built 1948
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US28-4026965
    Property summary
    AI-generated overview

    This exceptional Freeport, Illinois property at 120 E Clark St offers a unique blend of office, industrial, and warehouse space, totaling 179,944 square feet. Situated on 0.89 acres in the heart of downtown, this five-story building boasts a rich history, having served as the former headquarters of Furst-McNess. Recently renovated in 2018, the property features modern, spacious offices, ideal for executive suites or creative office spaces. The building also includes substantial warehouse space, divisible into units ranging from 15,929 to 44,002 contiguous square feet, with a minimum divisible space of 15,929 square feet. Currently, 79,860 square feet is vacant and available. Practical features include four loading docks, a freight elevator, a passenger elevator, and 20 parking spaces. The high ceilings, measuring 61.46 feet, add to the versatility of the warehouse area. The property is zoned X and its APN is 18-14-30-455-005. Current tenants include Areo LLC and Parts Authority LLC. This prime location offers easy access to the library, post office, and East Clark Street. The property is available for lease or sale, with negotiable rental rates. The top floor offers fully furnished headquarters office space.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1948
    Lot 0.82 ac (35,690 SF)
    APN 18-14-30-455-005
    UPID US28-4026965
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    BEAM & BALANCE 2 LLC
    BEAM & BALANCE 2 LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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