4730 Radio Tower Ln, Olney, IL 62450-4743
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.