1405 Walnut St, Highland, IL 62249
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.