5 Commercial Dr Flora, IL 62839-9000
- Commercial real estate
- 9.35 lot acres
Current Use by Public Records
- DC Weld / Metal Fabricator
Property Details for 5 Commercial Dr
- Lot size
- 9.35 lot acres
- Property type
- Commercial real estate
- APN
- 11-30-400-054
- APU
- 1130400054
Description
This exceptional commercial property, located at 5 Commercial Drive in Flora, Illinois, presents a unique investment opportunity. The 9.35-acre lot houses two substantial buildings, ideal for a variety of commercial uses. The primary structure boasts approximately 9,800 square feet of space, featuring a steel frame construction completed in 2009. This building includes four offices, two bathrooms, a kitchen/break room, and ample parts and storage areas. The two-story office section is complemented by a spacious open shop/warehouse area equipped with one east-facing and three west-facing overhead doors, plus three walk-in doors. High-quality features include laser-leveled concrete flooring, new LED lighting, 3-phase 600-amp electrical service, central heat and air conditioning, and radiant tube heating in the shop area. The secondary building offers an additional 4,800 square feet, including a climate-controlled 24' x 60' paint/finish area. This building features a 20-foot slide door on the east side, an 18-foot overhead door, and a walk-in door. The property also benefits from ample parking, concrete and rock drives, and dual entrances. The asking price of $895,000 is for the real estate only; the existing fabrication business will remain operational, with a negotiable possession timeline. This property is situated within an industrial park, offering excellent accessibility and visibility.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $305,000
- 6.5%
- $315,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $335,000
- Geo Method
- $285,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $325,000
- Retail
- $255,000
- Mixed-Use
- $305,000
- Hospitality
- $255,000
- Educational
- $240,000
- Residential Income
- $285,000
- Energy
- $275,000
- Income-Based Land
- $295,000
- Food Service
- $285,000
Location Insight
- Map
- Local Demand
- City
- Flora
- County
- Clay
- State
- Illinois
- Longitude
- -88.4645
- Latitude
- 38.6655