1226 Bissell St, Madison, IL 62060
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.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.