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Tri-County Incentives! 101 N Washington St 109,412 SF Industrial Building Hanover, IL 61041 $3,700,000 ($33.82/SF)

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INVESTMENT HIGHLIGHTS

  • 25' Clear Heights | 1 DID | 4 Docks
  • Zoning: I-1 | Incentives Apply
  • Permitted Uses: Cannabis Cultivation, Extraction, Infusion, Dispensary
  • 3-Phase/480 V | 5,000 Amps
  • Target Uses: Farming Data Center, Bitcoin Mining, Cannabis, Manufacturing

EXECUTIVE SUMMARY

SVN Chicago Commercial is pleased to present 101 N Washington Street, Hanover, IL 61041. This 109,380 SF, 4-story industrial warehouse is positioned on 30 acres of land along the beautiful Apple River, which borders the states of Wisconsin and Iowa.
Situated in the vibrant town of Hanover, IL, this prime commercial location offers investors a coveted opportunity. Nestled in a picturesque setting, the area boasts a charming mix of local businesses, restaurants, and scenic parks. The property is within close proximity to renowned landmarks such as Apple River Canyon State Park, a popular destination for outdoor recreation, and the popular historic town of Galena, showcasing architectural treasures. With its inviting small-town atmosphere and easy access to amenities, the area attracts both visitors and professionals alike, making it an ideal choice for an office or office building investment opportunity.

PROPERTY FACTS

Price $3,700,000
Price Per SF $33.82
Sale Type Investment or Owner User
Sale Conditions
1031 Exchange
  • Redevelopment Project
  • Building in Shell Condition
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Storefront
  • Industrial Telecom Hotel Data Hosting
  • Industrial Manufacturing
Building Class C
Lot Size 30.00 AC
Rentable Building Area 109,412 SF
No. Stories 5
Year Built 1921
Tenancy Single
Parking Ratio 0.91/1,000 SF
Clear Ceiling Height 18’
No. Dock-High Doors/Loading 4
No. Drive In / Grade-Level Doors 1
Zoning I-1 - Industrial

UTILITIES

  • Water - City
  • Sewer - City

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • Basement
  • 10,500 SF
  • Industrial
  • -
  • Now

Option to subdivide or lease the entire building. The lease term is negotiable. Target uses include Farming: Data Center, Bitcoin Mining, Cannabis, or Manufacturing

  • 1st Floor
  • 35,192 SF
  • Industrial
  • -
  • Now

Option to subdivide or lease the entire building. The lease term is negotiable. Target uses include Farming: Data Center, Bitcoin Mining, Cannabis, or Manufacturing

  • 2nd Floor
  • 21,240 SF
  • Industrial
  • -
  • Now

Option to subdivide or lease the entire building. The lease term is negotiable. Target uses include Farming: Data Center, Bitcoin Mining, Cannabis, or Manufacturing

  • 3rd Floor
  • 21,240 SF
  • Industrial
  • -
  • Now

Option to subdivide or lease the entire building. The lease term is negotiable. Target uses include Farming: Data Center, Bitcoin Mining, Cannabis, or Manufacturing

  • 4th Floor
  • 21,240 SF
  • Industrial
  • -
  • Now

Option to subdivide or lease the entire building. The lease term is negotiable. Target uses include Farming: Data Center, Bitcoin Mining, Cannabis, or Manufacturing

Space Size Space Use Condition Available
Basement 10,500 SF Industrial - Now
1st Floor 35,192 SF Industrial - Now
2nd Floor 21,240 SF Industrial - Now
3rd Floor 21,240 SF Industrial - Now
4th Floor 21,240 SF Industrial - Now

Basement

Size
10,500 SF
Space Use
Industrial
Condition
-
Available
Now

1st Floor

Size
35,192 SF
Space Use
Industrial
Condition
-
Available
Now

2nd Floor

Size
21,240 SF
Space Use
Industrial
Condition
-
Available
Now

3rd Floor

Size
21,240 SF
Space Use
Industrial
Condition
-
Available
Now

4th Floor

Size
21,240 SF
Space Use
Industrial
Condition
-
Available
Now

Basement

Size 10,500 SF
Space Use Industrial
Condition -
Available Now

Option to subdivide or lease the entire building. The lease term is negotiable. Target uses include Farming: Data Center, Bitcoin Mining, Cannabis, or Manufacturing

1st Floor

Size 35,192 SF
Space Use Industrial
Condition -
Available Now

Option to subdivide or lease the entire building. The lease term is negotiable. Target uses include Farming: Data Center, Bitcoin Mining, Cannabis, or Manufacturing

2nd Floor

Size 21,240 SF
Space Use Industrial
Condition -
Available Now

Option to subdivide or lease the entire building. The lease term is negotiable. Target uses include Farming: Data Center, Bitcoin Mining, Cannabis, or Manufacturing

3rd Floor

Size 21,240 SF
Space Use Industrial
Condition -
Available Now

Option to subdivide or lease the entire building. The lease term is negotiable. Target uses include Farming: Data Center, Bitcoin Mining, Cannabis, or Manufacturing

4th Floor

Size 21,240 SF
Space Use Industrial
Condition -
Available Now

Option to subdivide or lease the entire building. The lease term is negotiable. Target uses include Farming: Data Center, Bitcoin Mining, Cannabis, or Manufacturing

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 09-001-317-00
  • 09-001-317-20
  • 09-001-317-30
  • 09-001-317-10
Land Assessment
$35,463
Improvements Assessment
$153,403
Total Assessment
$188,866
  • Listing ID: 38305977

  • Date on Market: 7/22/2025

  • Last Updated:

  • Address: 101 N Washington St, Hanover, IL 61041

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