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1405 Walnut St Highland, IL 62249

Industrial properties Google Maps
24,907 SF 0.69 ac lot Built 1955
Individually Owned 17-yr Hold Free & Clear
Estimated value (blended)
$570k
Range $513k – $627k (±10%)
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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$570k
CAP Approach CAP
by Request
Comparable Approach Comparable
$727k
Blend (final) Blend
$570k

Owner & transaction history

since 2008
4 recorded transactions
2008
$150,000
2007
$435,000
2004
$200,000
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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