0 Thompson AveHoopeston, IL 60942

Property Details for 0 Thompson Ave

Year built

1960

Lot size

4.76 AC

Property size (Sq ft)

23,776 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional investment opportunity presents a substantial 23,776 square foot industrial complex situated on a 4.76-acre lot in Hoopeston, Illinois (APN: 03 11 200 005, 013). The property, zoned Commercial/Industrial, comprises several buildings including a 1,440 square foot office, a 2,560 square foot pole barn, a 5,760 square foot pole barn, and a 14,016 square foot block warehouse. A significant feature is the attached 3,520 square foot covered tank farm and a 500,000-gallon liquid storage tank, both with convenient rail access. Built in 1960, this former fertilizer facility is currently vacant and offers considerable potential for redevelopment. Note that a 20-year non-compete clause restricts the use of the property for the sale or distribution of agricultural chemicals, seed, or fertilizer. The property is conveyed via a special or limited warranty deed, subject to this restriction. Located in Hoopeston, a city with a population of 4,915 (2020 Census), the property benefits from its position at the intersection of Illinois Route 1 and Illinois Route 9, approximately one mile from the northern Vermilion County border. Hoopeston's economy has historically centered around agriculture and related industries. This property presents a unique opportunity for investors seeking a large-scale industrial space with rail access in a strategically located Illinois community.

Location Insight

City

Hoopeston

County

Vermilion

State

Illinois

Latitude

40.4735

Longitude

-87.6796

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