701 Vermillion StStreator, IL 61364

Property Details for 701 Vermillion St

Lot size

6.91 AC

Property size (Sq ft)

26,404 SF

Property type

Commercial real estate

APN

33-36-431-000

APU

3336431000

Description

This exceptional industrial property in Streator, Illinois, offers a rare combination of indoor and outdoor space, perfect for various uses. The 28,000 square foot warehouse boasts 8 loading docks and 3 drive-in doors, ensuring efficient operations. Ceiling heights vary up to 30 feet, providing ample vertical space. The property includes two 2-ton cranes, enhancing operational capabilities. Significant outdoor storage and truck parking are available on over 8 acres of land, a highly desirable feature for logistics and trucking businesses. The property benefits from heavy power (440 Volt) on-site. Its strategic location in central Illinois offers easy access to major interstates I-55, I-80, and I-39. The property is zoned for industrial use and is situated within a Federal Opportunity Zone and a Tax Increment Financing (TIF) district. Clean environmental reports are available. The current business operation (a pallet company) is also available for sale, offering a unique owner-user or investment opportunity. This property presents a compelling opportunity for businesses seeking a well-equipped, strategically located industrial space with significant expansion potential. The property is offered for sale by owner.

• Alternative Use

  Use

  Valuation

  Residential

  $5,457,018

  Hospitality

  $4,998,598

  Educational

  $4,158,776

  Medical

  $4,301,802

  Retail

  $6,469,206

Location Insight

City

Streator

County

Lasalle

State

Illinois

Latitude

41.1135

Longitude

-88.8294

CBSA code

36837

CBSA name

OTTAWA, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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