675 Phelps AveRomeoville, IL 60446

  • Industrial properties
  • 1.73 AC

Property Details for 675 Phelps Ave

Lot size
1.73 AC
Property type
Industrial properties
APN
12-02-34-110-014
APU
120234110014

Description

This exceptional industrial property in Romeoville, Illinois, presents a unique investment opportunity. The property encompasses two buildings totaling 8,500 square feet on a 1.73-acre lot. The main building, a 6,000 square foot truck maintenance shop, features three drive-in doors (two 14' x 16' and one 12' x 16'), a triple catch basin, and high-power capabilities. Currently used as a truck body shop, it also includes four offices ideal for administration, dispatch, and a mechanics' lounge. A second 2,500 square foot building provides ample storage for parts and maintenance equipment. Both buildings are situated on a fully fenced and gated lot, offering secure parking for over 20 trailers. Built in 1988 and renovated in 2022, the property boasts an 18-foot ceiling height. Its prime location within Romeoville's industrial district offers easy access to I-55 (less than 3 miles away), making it an ideal location for trucking businesses, investors, or owner-users. The property's features, including the ample parking and secure lot, make it a highly desirable asset. The Will County location and convenient highway access further enhance its appeal. This property is ready for immediate occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $23,867,984
    Hospitality
    $21,862,944
    Educational
    $18,189,712
    Medical
    $18,815,286
    Retail
    $28,295,108

Location Insight

City
Romeoville
County
Will
State
Illinois
Latitude
41.6537
Longitude
-88.0782
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,695
$111,731
$79,946
$191,677
-
$335,193
$239,838
$575,031

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