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    OFF-MARKET
    Industrial properties

    4730 Radio Tower Ln, Olney, IL 62450-4743

    53.7 ac lot
    Entity Owned Free & Clear
    Property ID
    US28-3987373
    Property summary
    AI-generated overview

    This exceptional 750,000-square-foot warehouse in Richland County presents a significant opportunity. Currently, 225,000 square feet are available for lease in this single-tenant industrial space, built in 1960 and extensively renovated in 2024. The property boasts impressive features including six 10'x8' truck docks equipped with levelers, two interior recessed truck docks, and multiple drive-in doors. The warehouse benefits from a heated and insulated structure with a comprehensive wet sprinkler system. Ceiling heights range from 20 to 30 feet, with varying column spacing. Two 10-ton cranes, each with a 25-foot hook height, are included. Power is supplied by a robust 3-phase, 2000 KVA, 2406 AMP service, fed by its own transformer. The property also includes approximately six acres of secure, fenced, and rocked drop lot. The warehouse is conveniently located, approximately 48 miles from I-57 and 50 miles from I-70. The property sits on 53.7 acres of land with 1100 feet of frontage and offers 250 total parking spaces. The zoning is Heavy Industrial, and the APN is 11-10-401-003. This is a rare opportunity to secure a substantial, well-equipped warehouse in a strategic location.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Lot 53.7 ac (2,339,172 SF)
    APN 11-10-401-003
    UPID US28-3987373
    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
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    CITY OLNEY
    CITY OLNEY
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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