Property profile

525 Walnut St Oglesby, IL 61348

OFF-MARKET
Commercial real estate
Property ID
US28-4454900
46,860 SF 5.43 ac lot Built 1945
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional self-storage opportunity, Bon Voyage Storage, is listed at $2,200,000. Located at 525 W Walnut St, Oglesby, IL 61348, this custom-built facility boasts 70,000 square feet of net rentable space, ideal for boat and RV storage. Its prime location in downtown Oglesby, near Starved Rock State Park, benefits from the area's significant tourism, attracting 2.3 million visitors annually. With over 5,200 vehicles passing daily, this highly visible facility enjoys a strong competitive advantage, being the closest option for boat and RV storage for over 10 miles. Opened in May 2024, the facility is already experiencing strong leasing activity, with 20+ tenants secured. Features include a fully automated gate, state-of-the-art security, and various storage options (outdoor, covered, and indoor). The facility's valet-style operation maximizes space utilization. The surrounding area has a population density of 25,108 within a 5-mile radius, ensuring a robust customer base. This is a turnkey investment poised for continued growth and profitability in a high-demand market.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1945
Total area 46,860 SF
Lot 5.43 ac (236,531 SF)
APN 18-35-209-000
UPID US28-4454900

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Storage Facility

Location

525 Walnut St Oglesby, IL 61348-1454
Oglesby metro Census 963400 OTTAWA, IL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$765k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2023
Last sale
$400,000
5 recorded transactions
2023
$400,000
2019
$63,000
2013
$63,863
2013
Price N/A
2010
Price N/A

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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