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Property profile & analytics
OFF-MARKET
Commercial real estate

124 Riv St Momence, IL 60954-1542

0.21 ac lot
Individually Owned 3-yr Hold Free & Clear
Property ID
US28-3783698
Property summary
AI-generated overview

This exceptional 9,000-square-foot industrial/office building in Momence, Illinois, presents a fantastic investment opportunity. Located at 124 E River Street, the property boasts a versatile layout ideal for a variety of businesses. The building comprises 5,500 square feet of warehouse space and 3,500 square feet of well-appointed office space. The office area is thoughtfully designed with seven individual offices and an open bullpen area, providing flexibility for different work styles and team sizes. The building's M-1 Manufacturing District zoning allows for a wide range of industrial uses, expanding potential business applications. Recent improvements include a brand-new roof installed in 2024, ensuring long-term structural integrity and minimizing maintenance concerns. The heated warehouse space is equipped with a convenient locker room and three overhead doors – two measuring 14' x 9' and one measuring 8' x 8' – providing ample access for loading and unloading of materials and equipment. Ample parking is available, with convenient street parking directly in front of the building and approximately 50 public parking spaces situated across the street along the scenic Kankakee River. This property offers a unique blend of functionality, modern amenities, and a prime location, making it an attractive proposition for discerning investors and businesses seeking a well-maintained and versatile space. The asking price is $599,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.21 ac (9,000 SF)
APN 05-11-19-104-021
UPID US28-3783698
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Albert A Messier · 3 yrs held
Albert A Messier
since 2022
Last sale
$475,000
4 recorded transactions
2022
$475,000
2016
$80,000
2016
Price N/A
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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