Property profile

4730 Radio Tower Ln Olney, IL 62450

OFF-MARKET
Industrial properties
Property ID
US28-3987373
53.7 ac lot
Entity Owned Free & Clear
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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

Location

4730 Radio Tower Ln Olney, IL 62450-4743
Olney metro Census 978300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

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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