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    Property profile & analytics
    OFF-MARKET Estimated value $1,855,000
    Industrial properties

    23937 Northern Illinois Dr, Channahon, IL 60410-5181

    3,000 SF 4.71 ac lot
    Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-3434996
    Property summary
    AI-generated overview

    This exceptional 5,000-square-foot executive office and warehouse property in Channahon, Illinois, presents a unique investment opportunity. Situated on a sizable 5-acre lot, the property boasts a fully fenced and secured perimeter, enhanced by an electric fence and a lighted, graveled lot. The interior office space features new finishes, providing a modern and efficient workspace. Convenient trailer parking is available on-site. The property is zoned for industrial use, offering flexibility for a variety of businesses. Its strategic location provides easy access to major transportation arteries, including the proximity to UP Global IV and BNSF railway lines, as well as Interstate 55. Benefit from the low Will County tax rates. The asking price for this turnkey property is $4,450,000. A lease option is also available at $30,000 per month. This property is ideally suited for businesses seeking a combination of office and warehouse space in a prime location with excellent access to transportation and infrastructure. The property's features, combined with its advantageous location and low taxes, make it a compelling investment opportunity. The address is 23937 S Northern Illinois Drive, Channahon, IL 60410.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Total area 3,000 SF
    Lot 4.71 ac (205,168 SF)
    APN 04-10-09-205-005
    UPID US28-3434996
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • TVA Containers Parking Parking Lot & Garage
    • UPS Drop Box (Bike/Boat/Book/etc) Store Postal Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.00M
    CAP Approach CAP
    $2.39M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.86M
    Owner & transaction history
    Money Farm LLC · 5 yrs held
    Money Farm LLC
    since 2020
    Last sale
    $1.5M
    4 recorded transactions
    2023
    2020
    $2.6M
    2007
    2006
    $1.5M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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