Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    801 Union St Dwight, IL 60420

    • Commercial real estate
    • 97.85 lot acres
    For Lease
    View listing
    Last Sale
    Dec 16, 2021
    $6,000,000
    Value Estimations
    $6,005,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-4752692
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dwight Illinois Water Tower / Water Utility Company
    • RR Donnelley Dwight / Commercial Printer

    Property Details for 801 Union St

    Lot size
    97.85 lot acres
    Property type
    Commercial real estate
    APN
    05-05-03-100-013
    APU
    50503100013

    Description

    This expansive industrial property, located at 801 N Union St in Dwight, Illinois (zip code 60420), offers a substantial 486,130 square feet of single-tenant manufacturing space. The property sits on a generous 97.85 acres of land, providing ample room for expansion or outdoor storage. The building boasts impressive features including 14 loading docks and 5 drive-in doors, ensuring efficient loading and unloading operations. Clear ceiling heights range from 22 to 28 feet, accommodating a variety of manufacturing processes and equipment. The property is equipped with robust 480V-3 phase power, meeting the demands of energy-intensive operations. The zoning is designated as Industrial, making it suitable for a wide range of manufacturing uses. The entire space is currently vacant, presenting a unique opportunity for a single tenant to occupy this substantial facility. Ample parking is available for both trailers and automobiles. This property is strategically located in Dwight, Illinois, offering convenient access to transportation networks and supporting infrastructure. This is an exceptional opportunity for a business seeking a large, well-equipped manufacturing space in a prime industrial location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,605,000
      ML approach
      $6,015,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dwight
    County
    Livingston
    State
    Illinois
    Longitude
    -88.4174
    Latitude
    41.1053
    CBSA code
    38700
    CBSA name
    PONTIAC, IL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $171,167
    $189,588
    $1,720,160
    $1,909,748
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      Dwight, IL 60420

      COMMERCIAL (GENERAL)
      Dwight, IL 60420
      View Details
    • Value Estimation by Request
      0.31 Acres

      218 Franklin St

      COMMERCIAL (GENERAL) • 0.31 Acres
      218 Franklin St, Dwight, IL 60420-1309
      View Details
    • Value Estimation by Request
      0.01 Acres

      108 Main St

      COMMERCIAL (GENERAL) • 0.01 Acres
      108 Main St, Dwight, IL 60420-1322
      View Details
    • Value Estimation by Request
      0.52 Acres

      206 Mazon Ave

      COMMERCIAL (GENERAL) • 0.52 Acres
      206 Mazon Ave, Dwight, IL 60420-1136
      View Details
    • Value Estimation by Request
      0.06 Acres

      116 Main St

      COMMERCIAL (GENERAL) • 0.06 Acres
      116 Main St, Dwight, IL 60420-1362
      View Details
    • Value Estimation by Request
      56.07 Acres

      31537 2400th E Rd

      COMMERCIAL (GENERAL) • 56.07 Acres
      31537 2400th E Rd, Dwight, IL 60420
      View Details

    Similar Nearby for Sale

    • $2,900,000
      77.62 Acres

      I-55 & Route 17 Development Land

      77 Acres, Prime Industrial Site, Dwight, IL
      0 Sec I-55 & Rte 17, Dwight, IL 60420
      View Details
    • $154,855
      0.79 Acres

      Dwight Commercial Land - 0.79 Acres

      Prime Commercial Lot, High Visibility, Excellent Location
      0 Dwight Cir, Dwight, IL 60420
      View Details
    • $2,195,000
      17,000 SF

      Dwight, IL Auto Dealership - 5 Acres

      Prime 17,000 sq ft auto facility, 5 acres, high traffic.
      111 Watters Dr, Dwight, IL 60420
      View Details
    • Contact for pricing

      Cleared Land Parcel in Dwight

      Build-ready land near Route 66 in Dwight, Illinois.
      Lincoln St, Dwight, IL 60420
      View Details
    • $129,000
      2,304 SF

      Dwight Medical Office Building

      Prime Medical Office, 9 Exam Rooms, Motivated Seller
      103 John St, Dwight, IL 60420
      View Details
    • $1,200,000
      5.50 Acres

      Dwight Commercial Development Opportunity

      Restaurant, bar, and commercial land for sale in Dwight, IL.
      900 N Union St, Dwight, IL 60420
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Expansive Industrial Land for Lease

      365-acre industrial land, expandable, rail access, near Chicago.
      28000 E Livingston Rd, Dwight, IL 60420
      View Details
    • Contact for pricing
      486,130 SF

      Dwight, IL Industrial Manufacturing Facility

      Massive industrial space, ideal for manufacturing.
      801 Union St, Dwight, IL 60420
      View Details
    • Contact for pricing
      750,000 SF

      Dwight, IL Industrial Manufacturing Space

      750,000 SF Manufacturing Facility - Available Now
      801 Union St, Dwight, IL 60420
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    801 Union St
    Dwight, IL 60420
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.