9924 N 2Nd St, Machesney Park, IL 61115
For Sale
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This exceptional 10,918-square-foot industrial property, located at 9924 N 2nd St in Machesney Park, Illinois, presents a compelling investment opportunity. The single-tenant building, constructed in 1998, boasts a desirable distribution and warehouse configuration, ideal for a variety of uses. The property sits on a substantial 2.47-acre lot, offering ample space for expansion or future development. Key features include five overhead doors, a showroom, a warehouse area with floor drains, and an additional building equipped with four overhead doors, perfect for cold storage applications. The property includes 40 parking spaces and is conveniently located in Winnebago County, Illinois, with the address 9924 N 2nd St, zip code 61115. The heated building is situated on a 107,593 square foot lot, legally described as Douglas Farms Bng Sub Lying in Pt Nw 1/4 Sec 20-45-2 That Pt Lying W of Tr to State by Comdemnation G 23411 of Lots 17 & 18. The asking price is $949,000, translating to $86.92 per square foot. This property offers significant potential for both immediate occupancy and long-term redevelopment. The property's APN is 08-20-151-002.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.