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1500 Fort Jesse Rd

323,666 SF 100% Leased Industrial Building Normal, IL 61761 $12,900,000 ($40/SF) 7.37% Cap Rate

Warehouses Illinois Normal 1500 Fort Jesse Rd, Normal, IL 61761

Executive Summary

Embrace a prime investment opportunity by adding 1500 Fort Jesse Rd. in Normal, IL to your portfolio. The building is approximately 323,666 sq ft and offers 38 dock doors and 2 drive-in bays. This industrial investment offers cross docking capabilities for optimizing transporation-related logisitics. This property is fully occupied with long standing tenants. Centrally located between Chicago, St Louis and Indianapolis, this site has close interstate access for seemless distribution. Tenant 1 occupies approximately 18,190 newly renovated office space while Tenant 2 occupies the remaining approx. 300k square feet of the industrial warehouse space. Situated on a 32.14 acre lot with ample parking and presents easy manuvering for semis and delivery vehicles.

Attachments

For Sale with Financials 1500 Fort Jesse

Data Room Click Here to Access

Property Facts

Price $12,900,000 Lot Size 32.14 AC
Price Per SF $40 Rentable Building Area 323,666 SF
Sale Type Investment No. Stories 1
Cap Rate 7.37% Year Built 1974
Property Type Industrial Clear Ceiling Height 24 FT
Property Subtype
Warehouse
  • Industrial Manufacturing
 No. Dock-High Doors/Loading 38
Building Class C No. Drive In / Grade-Level Doors 2
Price $12,900,000
Price Per SF $40
Sale Type Investment
Cap Rate 7.37%
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Manufacturing
Building Class C
Lot Size 32.14 AC
Rentable Building Area 323,666 SF
No. Stories 1
Year Built 1974
Clear Ceiling Height 24 FT
No. Dock-High Doors/Loading 38
No. Drive In / Grade-Level Doors 2
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PROPERTY TAXES

Parcel Number 14-23-353-001 Improvements Assessment $1,705,943
Land Assessment $273,407 Total Assessment $1,979,350

PROPERTY TAXES

Parcel Number
14-23-353-001
Land Assessment
$273,407
Improvements Assessment
$1,705,943
Total Assessment
$1,979,350

zoning

Zoning Code M1 (Industrial District)
M1 (Industrial District)
(309) 590-7900 x302

  • Listing ID: 33910657

  • Date on Market: 11/18/2024

  • Last Updated:

  • Address: 1500 Fort Jesse Rd, Normal, IL 61761

More public record information on 1500 Fort Jesse Rd, Normal, IL 61761

The Industrial Property at 1500 Fort Jesse Rd, Normal, IL 61761 is currently available For Sale. Contact SVN | Core 3 for more information.

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1500 Fort Jesse Rd
(309) 590-7900 x 302

1500 Fort Jesse Rd

1/2

Jill Spratt

(309) 590-7900

x302

(309) 590-7900 x302

Bryce McLean

(309) 590-7900

(309) 590-7900

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