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    OFF-MARKET
    Industrial properties

    419 Mulvain St, Durand, IL 61024

    0.45 ac lot
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US28-3316168
    Property summary
    AI-generated overview

    This exceptional 2,958 square foot commercial property, situated on a 0.45-acre lot at 419 Mulvain Street in Durand, Illinois, presents a unique investment opportunity. Previously operating as a successful garage and service center, the building offers a blend of functional spaces ideal for a variety of uses. The main shop area, spanning 2,210 square feet, is equipped with two vehicle lifts—a larger lift accommodating 3/4-ton trucks (installed 2011) and a smaller hoist (installed 2021). Included in the sale is an air compressor and a used oil burner for the main shop area. This section also benefits from overhead heating. A significant 748-square-foot addition, completed in 2018, enhances the property's versatility. This ADA-compliant addition features a dedicated office, a bathroom, ample storage space, and an area accessible via a small overhead door. Modern conveniences such as central heating and air conditioning are included in this newer section. The property's size, existing infrastructure, and adaptable layout make it suitable for a range of commercial ventures. Its location in Durand, Illinois offers easy access to local amenities and transportation routes. The combination of established shop space and modern office amenities makes this a truly unique and attractive commercial property. This is a rare opportunity to acquire a well-maintained and versatile commercial building with significant potential for growth and profitability.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Lot 0.45 ac (19,602 SF)
    APN 05-11-304-001
    UPID US28-3316168
    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
    • Matteson Service Center, Inc. Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Durand Repair LLC · 1 yrs held
    Durand Repair LLC
    since 2025
    Last sale
    $50,000
    4 recorded transactions
    2025
    $185,000
    2020
    $50,000
    2014
    2011
    $50,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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