Property profile

620 13th St Highland, IL 62249

OFF-MARKET
Commercial real estate
Property ID
US28-1228312
8,485 SF 0.4 ac lot Built 1940
Individually Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property located at 620 13th Street, Highland, IL, presents a compelling investment opportunity. The 8,485 square foot building, situated on a 0.4-acre lot (17,500 square feet), is zoned for industrial use and offers significant potential. The structure features a blend of older and newer concrete block construction, boasting ceiling heights of 12 and 20 feet, and a durable metal roof. Two large truck doors on the east side provide convenient access for loading and unloading, while additional doors on the west and north sides offer flexibility for individual unit rentals. The interior is currently segmented, allowing for adaptable layouts to suit various business needs, whether for multiple tenants or a single, larger operation. A full basement adds extra storage space. Restroom facilities are available for each potential rental unit. While some electrical services have been removed, they can be easily reinstalled or upgraded to meet specific requirements. All essential utilities and internet services are readily available. The sale includes a 40-foot outside storage trailer. Currently, three tenants occupy the building under month-to-month leases, each requiring 30 days' notice for termination. This property's location in a quiet area of Highland, combined with its low entry cost and easy truck access, makes it perfect for light manufacturing, warehousing, specialized businesses, or as a business incubator. The motivated seller is eager to find the right buyer for this versatile and well-positioned asset.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Total area 8,485 SF
Lot 0.4 ac (17,500 SF)
APN 01-2-24-05-10-101-034
UPID US28-1228312

Cap rate & NOI

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

Location

620 13th St Highland, IL 62249-1836
Highland metro Census 403604 ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2025
Last sale
$195,000
4 recorded transactions
2025
$195,000
2015
$100,000
2014
Price N/A
1969
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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