1611 Douglas Rd 1617 Montgomery, IL 60538-2162
Montgomery Center, located at 1611 Douglas Rd, Montgomery, IL 60538, presents a unique commercial real estate opportunity. This 13,900 square foot building, constructed in 1996, sits on 7.27 acres of land and offers flexible space ideal for a variety of uses. Currently, 10,740 square feet are vacant, divisible into units ranging from 1,300 to 9,440 contiguous square feet. The building features high 16-foot ceilings, ample parking with 112 spaces, and convenient access from Douglas Road and Route 30, a high-traffic area with 32,000 vehicles per day. The property is zoned B-2, allowing for diverse commercial ventures. Previously occupied by a gym, the vacant space is ready for immediate tenant improvements, eliminating the need for demolition. The large, open layout is well-suited for various businesses, including health clubs, medical offices, preschools, entertainment venues, or retail establishments. Two suites are available, providing options for both smaller and larger tenants. This property offers significant potential for a thriving business in a desirable location.
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
Similar Nearby for Lease
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.