124 Riv St Momence, IL 60954-1542
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.
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.