620 13th St, Highland, IL 62249-1836
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.