1810 S Main St - Industrial FOR SALE


Morton, IL 61550
$2,550,000 USD
847-513-1874
1810 S Main St, Morton, IL for Sale
$2,550,000 USD
Industrial - FOR SALE
1/1
null | 9.37% Cap Rate

1810 S Main St
Morton, IL 61550


OVERVIEW

Net lease investment opportunity for sale. 13,200 SF free standing building near Peoria IL. The Illinois State Police Department occupies this building for the last 45 years as a forensic lab. Please note, the lease is guaranteed by the state of Illinois and the credit rating as of March 2025 is an A- from S&P Global Ratings. Recent improvements including new HVAC, parking lot and office renovations. The lease was recently renewed for ten (10) years with escalations.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$193 USD /SF

CAP RATE

9.37%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Illinois State Police Forensic Science Lab

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

1.58

LAND SF

68,825

ZONING

B2

APN/PARCEL ID

06-06-29-115-037

ASK ABOUT THIS PROPERTY

Douglas AltenbergerNAI HiffmanMore Info
847-513-1874

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Douglas AltenbergerNAI HiffmanMore Info
847-513-1874

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