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    FOR SALE
    Industrial properties

    1405 Walnut St, Highland, IL 62249

    24,907 SF 0.69 ac lot Built 1955
    Individually Owned 17-yr Hold Free & Clear
    Property ID
    US28-5515645
    Property summary
    AI-generated overview

    This exceptional 21,000 square foot commercial property in Highland, Illinois presents a unique investment opportunity. The building, constructed in 1980 and extensively renovated in 2020, seamlessly blends office and warehouse space. The warehouse component boasts a generous 11,000 square feet with impressive ceiling heights ranging from 8 to 12 feet, facilitating efficient storage and operations. Loading and unloading are simplified with one 8x8-foot loading dock, plus two drive-in doors (one 10x10 feet and one 10x8 feet). Robust electrical service is provided by a 3-phase 240/120V 600 AMP system. The 10,000 square foot office area, completely renovated in 2020, features multiple private offices, well-appointed conference rooms, and a convenient kitchenette. This versatile space is ideal for a variety of businesses. Situated on a 21,000 square foot lot (approximately 1.22 acres) and zoned for commercial use, this property offers significant potential. Its convenient location, just 7 miles from Interstate 70, ensures easy access to major transportation routes. The property's combination of updated office space and functional warehouse area makes it an attractive option for owner-occupiers or investors seeking a strong return. The property is located at 1405 Walnut St, Highland, IL 62249, with APN 01-2-24-05-10-103-014. This is a single, two-story building.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1955
    Total area 24,907 SF
    Lot 0.69 ac (30,000 SF)
    APN 01-2-24-05-10-103-014
    UPID US28-5515645
    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
    $570k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $727k
    Blend (final) Blend
    $605k
    Owner & transaction history
    Nicaragua Christian Education · 17 yrs held
    Nicaragua Christian Education
    since 2008
    4 recorded transactions
    2008
    $150,000
    2007
    $435,000
    2004
    $200,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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