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Property profile & analytics
OFF-MARKET
Commercial real estate

306 Harlan St Neponset, IL 61345

2.47 ac lot
Individually Owned Absentee Owner Free & Clear
Property ID
US28-3891448
Property summary
AI-generated overview

This exceptional commercial property at 306 N Harlan Street, Neponset, Illinois, presents a significant opportunity for investors and entrepreneurs. The property boasts a substantial 11,436 square feet of space, situated on a generous 2.3-acre lot. The main structure is a steel building, originally constructed in 1970 (4,680 sq ft), featuring a concrete Butler building design. A substantial addition, completed in 1991, adds 6,756 square feet of versatile shop space. This addition is equipped with robust 10-inch thick concrete floors, ensuring durability and longevity. Practical features include exhaust fans, hanging gas forced air furnaces, a convenient loading dock, and multiple overhead doors, facilitating efficient operations. The entire building is fully insulated, providing energy efficiency. While the building and exterior show some signs of wear, with minor repairs and cosmetic updates, it could be readily adapted for a wide range of commercial uses. The front office area requires roof replacement. Note that a cell tower located on a separate parcel is not included in this sale. This property is ideal for businesses seeking ample space and a strategic location, or for those looking for a large-scale storage facility. The combination of size, location, and potential makes this a truly compelling investment opportunity.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2.47 ac (107,593 SF)
APN 19-10-426-001
UPID US28-3891448
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
LARRY R VANDAELE
LARRY R VANDAELE
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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