$625,000
$625,000
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12,800 SqFt
SOLD DATE : 10/31/2024
Key Details
Sold Price $625,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 12,800 sqft
Price per Sqft $48
MLS Listing ID 12201323
Sold Date 10/31/24
Year Built 2022
Annual Tax Amount $46
Tax Year 2022
Lot Size 2.960 Acres
Lot Dimensions 299 X 25 X 329 X 455 X 452
Property Description
Route 52 Self-Storage is located just south of Amboy, IL on US Hwy 52. The property has 2.96 acres. The facility currently consists of two buildings, (1) 40' x 140' and (1) 40' x 180'. There are currently 68 units in total with 12,800 rentable square feet. The facility was constructed in 2022. This is a non-climate controlled facility. Drive up friendly. No high docks. No fence but the facility utilizes security cameras and 37-new solar lights. The facility sits on 2.96 acres and the current owner estimates that there is enough land to build an additional 18,000 square feet of storage! The facility was completed in 2023 and is already well occupied (far exceeding the national lease-up average ). At this current rate the facility might be ready to begin construction on the next storage building in late 2024 or early 2025! Rates are still based on initial pricing to attract new tenants. With the exception of the 10'x10' units all of the units are market. Opportunity to increase marketing with Google, Facebook, and other online storage sites. Although Amboy is a smaller farming community it has additional sources of renters close by. This facility is approximately three miles away from Woodhaven Lakes RV Park in Sublette, IL. Woodhaven is one of the largest RV parks in the country with over 6,000 sites! Woodhaven serves as a weekend or summer home for thousands of Chicagoland residents. This facility is in a terrific location to capitalize on these commuting campers!
Location
State IL
County Lee
Area Amboy
Zoning OTHER
Interior
Cooling None
Fireplace N
Exterior
Roof Type Metal
Building
Level or Stories 1
Structure Type Wood Frame
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