Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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