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    OFF-MARKET
    Commercial real estate

    620 13th St, Highland, IL 62249-1836

    8,485 SF 0.4 ac lot Built 1940
    Individually Owned ~ Est. High Equity
    Property ID
    US28-1228312
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Travis Tilton
    Travis Tilton
    since 2025
    Last sale
    $195,000
    4 recorded transactions
    2025
    $195,000
    2015
    $100,000
    2014
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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