100 Forest LnBeardstown, IL 62618

Property Details for 100 Forest Ln

Property size (Sq ft)

66,000 SF

Property type

Commercial real estate

APN

03-012-005-02

APU

301200502

Description

This exceptional 70,000-square-foot warehouse, situated on a 6.7-acre lot in Beardstown, Illinois, presents a significant investment opportunity. Built in 1997, this well-maintained steel-frame structure boasts a 220ft x 300ft configuration, offering 24-foot clear height and a 50x50 column spacing. The property includes six dock doors (three on the east and three on the north sides), plus a 14-foot overhead drive-in door, ensuring efficient loading and unloading. An added benefit is the 4,000 square feet of finished office space, complete with six executive offices, a conference room, server closet, break room, and lunchroom. The warehouse also features a new furnace system (installed Spring 2023) and a wet sprinkler system for enhanced safety. Additional amenities include a small warehouse office, shipping office, and restrooms. The property is zoned MH and its location in Beardstown, a community strategically positioned on the Illinois River, provides access to robust agricultural logistics, including rail, barge, and truck transportation. The asking price is $1,750,000, translating to $25 per square foot. The APN is 03-012-005-02. This property is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $20,012,100

  6.5%

  $18,472,700

  7%

  $17,153,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,145,360

  Geo Method

  $5,145,360

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $36,647,700

  Retail / Commercial

  $18,738,100

  Mixed-Use / Specialty

  $18,628,200

  Hospitality / Lodging

  $13,610,900

  Office

  $18,472,700

  Institutional / Educational

  $19,350,500

  Residential Income

  $22,640,000

  Multifamily

  $27,392,000

  Automotive / Energy

  $16,586,100

  Parking / Income-Based Land

  $5,766,220

  Restaurant / Food Service

  $9,596,770

  Healthcare / Senior Housing

  $19,147,100

Location Insight

City

Beardstown

County

Cass

State

Illinois

Latitude

39.9971

Longitude

-90.4099

Property Tax & Assessments

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