Technical
Financial
Distress signals
Property profile

1226 Bissell St Madison, IL 62060

OFF-MARKET
Commercial real estate
Property ID
US28-3495690
1,530 SF 4.88 ac lot Built 1940
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 118,935-square-foot warehouse and manufacturing facility presents a significant investment opportunity. Built in 1941 and extensively renovated in 2021, the property boasts a gross lease structure and is currently vacant, offering immediate occupancy. The warehouse features impressive 16- to 24-foot ceiling heights, providing ample vertical storage space. Loading and unloading are facilitated by 25 dock doors and two drive-in doors. Beyond the main structure, an additional 8,000 square feet of lower-level storage is available. The property also includes a substantial 10-acre fenced and gated area, ideal for secure outdoor storage. Strategically located in Venice, Illinois, this property enjoys exceptional access to major transportation arteries. It's within one mile of the I-55/70 interchange and five miles from I-270, offering seamless connectivity to regional and national distribution networks. Furthermore, its proximity to rail lines (one mile), the Mississippi River (two miles), and Lambert St. Louis International Airport (15 miles) enhances its logistical advantages. The property is zoned for industrial use and has a Madison County APN of 21-1-19-25-00-000-009. The asking price is $2,500,000, translating to $21.02 per square foot. This represents a compelling value proposition for businesses seeking a well-maintained, strategically located warehouse facility with significant expansion potential.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Total area 1,530 SF
Lot 4.88 ac (212,573 SF)
APN 21-1-19-25-00-000-009-001
UPID US28-3495690

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1226 Bissell St Madison, IL 62060
Madison metro Census 400700 ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
2020
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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