Property profile

2235 Cornell Ave Montgomery, IL 60538

OFF-MARKET
Industrial properties
Property ID
US28-1693735
7,029 SF 0.49 ac lot Built 1998
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7,000-square-foot warehouse, located at 2235 Cornell Avenue in Montgomery, Illinois, presents a significant opportunity for businesses seeking a single-tenant industrial space. Situated on a 0.49-acre lot within Kane County's M-1 (Light Manufacturing District) zoning, this property offers ample space and flexibility. The warehouse boasts impressive ceiling heights ranging from 18 to 20 feet, providing generous vertical storage capacity. Power is readily available with an 800-amp, 3-phase electrical service, ensuring sufficient capacity for various industrial operations. The entire 7,000 square feet is currently vacant and ready for immediate occupancy. The property's convenient location in Montgomery, Illinois, zip code 60538, offers easy access to major transportation routes, streamlining logistics and distribution. This single-tenant warehouse is ideal for a variety of light manufacturing, distribution, or storage needs. The property's zoning allows for a range of compatible uses within the M-1 designation. This is a rare opportunity to secure a well-located, spacious, and functional industrial property in a thriving area. Inquire today to learn more about leasing this exceptional warehouse.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1998
Construction MIXED
Total area 7,029 SF
Lot 0.49 ac (21,344 SF)
APN 15-30-326-045
UPID US28-1693735

Cap rate & NOI

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

Location

2235 Cornell Ave Montgomery, IL 60538-3201
Montgomery metro Census 854002 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$660k
CAP Approach CAP
$465k
Comparable Approach Comparable
$665k
Blend (final) Blend
$660k

Owner & transaction history

since 2025
Last sale
$660,000
5 recorded transactions
2025
Price N/A
2024
$660,000
1998
$445,001
1969
Price N/A
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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