11596 & 11638 IL Highway 1 - Warehouse FOR SALE


Paris, IL 61944
$3,100,000 USD
248-848-4092
11596 & 11638 IL Highway 1, Paris, IL for Sale
$3,100,000 USD
Warehouse - FOR SALE
1/14
null | 8.91% Cap Rate

11596 & 11638 IL Highway 1
Paris, IL 61944


HIGHLIGHTS

  • 7.39-acre site with 31,350 NRSF warehouse space and room for expansion
  • Annexes the Twin Lakes, the area’s main all-sports lake
  • Entrance to property within ½ block of primary boat launch
  • One of the existing warehouses is fitted with 16’ x 20’ overhead doors
  • 5-mile vehicle, boat & RV NRSF per capita of 1.14 (per StorTrack)

OVERVIEW

If purchased at full-price, the seller will pre-fund renovation and construction of a 61,350 SF, 122-unit Boat & RV storage facility

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$99 USD /SF

CAP RATE

8.91%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake-access Boat & RV Conversion opportunity

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.39

LAND SF

321,908

ZONING

CM - Commercial

APN/PARCEL ID

09-13-25-200-034

ASK ABOUT THIS PROPERTY

Joseph AronoffFriedman Real EstateMore Info
248-848-4092

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Joseph AronoffFriedman Real EstateMore Info
248-848-4092

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.