Property profile

3471 Un Dr Olney, IL 62450

OFF-MARKET
Industrial properties
Property ID
US28-4084374
10.39 ac lot
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property in Olney, Illinois, presents a significant investment opportunity. Situated on over 10.03 acres of fenced land, the property boasts a substantial 99,000 square foot steel-frame building, offering a versatile blend of warehouse and office space. The expansive warehouse area features impressive ceiling heights ranging from 25 to 30 feet, providing ample vertical storage capacity. Efficient operations are facilitated by the inclusion of six dock doors, ensuring seamless loading and unloading. Maintaining a comfortable interior environment year-round is made easy with the installed hanging heaters. Ample parking is available on-site, accommodating both employees and visitors. The property's substantial size and versatile layout make it ideal for a wide range of commercial uses, from distribution and logistics to manufacturing and storage. The combination of generous acreage, substantial building size, and practical features makes this property a rare find in the Olney market. Its strategic location offers excellent accessibility and visibility, further enhancing its appeal to discerning investors and businesses seeking a prime location for their operations. This property is ready for immediate occupancy and presents a unique opportunity to acquire a significant commercial asset in a thriving community. The 10+ acres of fenced land provide ample room for expansion or future development.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 10.39 ac (452,588 SF)
APN 11-15-200-031
UPID US28-4084374

Cap rate & NOI

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

Location

3471 Un Dr Olney, IL 62450-5142
Olney metro Census 978300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2014
1 recorded transaction
2014
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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