Technical
Financial
Distress signals
Property profile

1915 Schram Ave Hillsboro, IL 62049

FOR SALE
Industrial properties
Property ID
US28-0942886
5.01 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 106,200 square foot industrial property, situated on a 4.45-acre lot in Montgomery County, presents a significant opportunity. The single-story building, constructed in 1930 and extensively renovated in 2019, boasts a spacious 76,200 square feet of available warehouse space. The property features impressive ceiling heights ranging from 25 to 28 feet, providing ample vertical clearance for various industrial uses. Loading and unloading are facilitated by two 8'x10' dock high doors and two 14'x20' drive-in doors. Fifteen parking spaces are available on-site, ensuring convenient access for employees and visitors. The property benefits from robust 480V, 3-phase, 800 AMP electrical service, ideal for power-intensive operations. The 990-foot frontage provides excellent visibility and accessibility. The property is zoned for industrial use and is identified by APN 17-06-376-010. Annual property taxes are $12,925 per square foot. This well-maintained property offers a blend of historical character and modern functionality, making it an ideal location for a variety of industrial businesses. The significant square footage and excellent features make this a rare find in the Montgomery County market. Don't miss this chance to secure a prime industrial space.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 5.01 ac (218,236 SF)
APN 17-06-376-017
UPID US28-0942886

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Production Facility
  • Factory Metal Fabrication Plant

Location

1915 Schram Ave Hillsboro, IL 62049
Hillsboro metro Census 957900
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2022
5 recorded transactions
2023
Price N/A
2022
$650,000
2022
Price N/A
2021
Price N/A
2021
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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