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111 Walnut Lane 111 Walnut Ln 576 - 11,376 SF of Space Available in Colona, IL 61241

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Features

Clear Height
14’
Drive In Bays
2
Exterior Dock Doors
2
Standard Parking Spaces
10

All Available Spaces(3)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Condition
  • Available
  • 1st Floor - Suite 1
  • 6,700 SF
  • 1-5 Years
  • $8.06 /SF/YR $0.67 /SF/MO $54,002 /YR $4,500 /MO
  • Industrial
  • -
  • April 01, 2026

111 N Walnut Lane is subdivided into three suites located just seven miles from I-280 and twelve miles off of I-80. The property is a total of 12,076 SF which is a mix of office & warehouse space. This industrial facility offers a great opportunity to growing your business in Colona, IL! Suite 1 is a total of 6,700 SQ FT of warehouse space. The unit includes a loading dock, radiant heat, & LED lighting. The unit is also equipped with two dock doors (9 FT x 10 FT), one 9 FT x 9 FT overhead door, and one 14 FT x 12 FT overhead door. Build-to-suit options are available. Rent is $8.06/SF/YR ($4,500.00/Month). Security Deposit of $4,500.00. Tenant is responsible for monthly rent, utilities (electricity, gas, garbage, internet, cable), and fire & liability coverage insurance. Landlord will cover lawn care & snow removal, property taxes, property insurance, and maintenance expenses (roof, mechanical systems, & exterior of the property). A 12-month lease minimum is required. Available for lease starting April 1st, 2026 or later. No outdoor storage is permitted. Additional space is available at this facility. Contact MillCo Management for more information. *Managing Broker is a partner in the property ownership. They also serve as both the Managing Broker and the Owner of MillCo Management, LLC. Licensed in Illinois and Iowa.

  • Listed rate may not include certain utilities, building services and property expenses
  • 2 Loading Docks
  • Secure Storage
  • 2 Dock Doors (9 FT x 10 FT)
  • 1 Overhead Door (14 FT x 12 FT)
  • LED Lighting
  • 2 Drive Ins
  • Central Heating System
  • Loading Dock
  • 1 Overhead Door (9 FT x 9 FT)
  • Overhead Heating Unit – Radiant Heat
  • 1st Floor - Suite 2
  • 4,100 SF
  • 1-5 Years
  • $8.69 /SF/YR $0.72 /SF/MO $35,629 /YR $2,969 /MO
  • Industrial
  • Full Build-Out
  • April 01, 2026

Suite 2 is a total of 4,800 SQ FT. 1,800 SQ FT of the unit is office space which includes epoxy flooring, central heat & ac, one restroom, & reception area. This remaining 3,000 SQ FT (60 FT x 50 FT) is warehouse space. Rent is $8.69/SF/YR ($3,475.00/Month). Security Deposit of $3,475.00. Tenant is responsible for monthly rent, utilities (water, sewer, garbage, electricity, gas, internet, cable), and fire & liability coverage insurance. Landlord will cover lawn care & snow removal, property taxes, property insurance, and maintenance expenses (roof, mechanical systems, & exterior of the property). A 12-month lease minimum is required. Available for rent starting April 1st, 2026. No outdoor storage is permitted.

  • Listed rate may not include certain utilities, building services and property expenses
  • 1 Drive Bay
  • Central Air and Heating
  • Signage - Light Box
  • Includes 1,800 SF of dedicated office space
  • Space is in Excellent Condition
  • Secure Storage
  • 1st Floor, Ste Suite 3
  • 576 SF
  • 1-3 Years
  • $11.46 /SF/YR $0.96 /SF/MO $6,601 /YR $550.08 /MO
  • Office
  • -
  • March 01, 2026

Suite 3 is a total of 576 SQ FT (24 FT x 24 FT) of office space. The unit includes two private offices & two restrooms. Rent is $11.46/SF/YR ($550.00/Month). Security Deposit of $550.00. Tenant is responsible for monthly rent, utilities (electricity, gas, sewer, water, garbage, internet, cable), and fire & liability coverage insurance. Landlord will cover lawn care & snow removal, property taxes, property insurance, and maintenance expenses (roof, mechanical systems, & exterior of the property). A 12-month lease minimum is required. Available for lease starting March 1st, 2026 or later. No outdoor storage is permitted. Additional space is available at this facility. Contact MillCo Management for more information. *Managing Broker is a partner in the property ownership. They also serve as both the Managing Broker and the Owner of MillCo Management, LLC. Licensed in Illinois and Iowa.

  • Listed lease rate plus proportional share of utilities
  • Central Air and Heating
  • Private Offices
  • Built-ins
  • 2 Parking Spaces
  • 2 Private Offices
  • Private Restrooms
  • Two Restrooms
  • Central Heat & AC
Space Size Term Rental Rate Space Use Condition Available
1st Floor - Suite 1 6,700 SF 1-5 Years $8.06 /SF/YR $0.67 /SF/MO $54,002 /YR $4,500 /MO Industrial - April 01, 2026
1st Floor - Suite 2 4,100 SF 1-5 Years $8.69 /SF/YR $0.72 /SF/MO $35,629 /YR $2,969 /MO Industrial Full Build-Out April 01, 2026
1st Floor, Ste Suite 3 576 SF 1-3 Years $11.46 /SF/YR $0.96 /SF/MO $6,601 /YR $550.08 /MO Office - March 01, 2026

1st Floor - Suite 1

Size
6,700 SF
Term
1-5 Years
Rental Rate
$8.06 /SF/YR $0.67 /SF/MO $54,002 /YR $4,500 /MO
Space Use
Industrial
Condition
-
Available
April 01, 2026

1st Floor - Suite 2

Size
4,100 SF
Term
1-5 Years
Rental Rate
$8.69 /SF/YR $0.72 /SF/MO $35,629 /YR $2,969 /MO
Space Use
Industrial
Condition
Full Build-Out
Available
April 01, 2026

1st Floor, Ste Suite 3

Size
576 SF
Term
1-3 Years
Rental Rate
$11.46 /SF/YR $0.96 /SF/MO $6,601 /YR $550.08 /MO
Space Use
Office
Condition
-
Available
March 01, 2026

1st Floor - Suite 1

Size 6,700 SF
Term 1-5 Years
Rental Rate $8.06 /SF/YR
Space Use Industrial
Condition -
Available April 01, 2026

111 N Walnut Lane is subdivided into three suites located just seven miles from I-280 and twelve miles off of I-80. The property is a total of 12,076 SF which is a mix of office & warehouse space. This industrial facility offers a great opportunity to growing your business in Colona, IL! Suite 1 is a total of 6,700 SQ FT of warehouse space. The unit includes a loading dock, radiant heat, & LED lighting. The unit is also equipped with two dock doors (9 FT x 10 FT), one 9 FT x 9 FT overhead door, and one 14 FT x 12 FT overhead door. Build-to-suit options are available. Rent is $8.06/SF/YR ($4,500.00/Month). Security Deposit of $4,500.00. Tenant is responsible for monthly rent, utilities (electricity, gas, garbage, internet, cable), and fire & liability coverage insurance. Landlord will cover lawn care & snow removal, property taxes, property insurance, and maintenance expenses (roof, mechanical systems, & exterior of the property). A 12-month lease minimum is required. Available for lease starting April 1st, 2026 or later. No outdoor storage is permitted. Additional space is available at this facility. Contact MillCo Management for more information. *Managing Broker is a partner in the property ownership. They also serve as both the Managing Broker and the Owner of MillCo Management, LLC. Licensed in Illinois and Iowa.

  • Listed rate may not include certain utilities, building services and property expenses
  • 2 Drive Ins
  • 2 Loading Docks
  • Central Heating System
  • Secure Storage
  • Loading Dock
  • 2 Dock Doors (9 FT x 10 FT)
  • 1 Overhead Door (9 FT x 9 FT)
  • 1 Overhead Door (14 FT x 12 FT)
  • Overhead Heating Unit – Radiant Heat
  • LED Lighting

1st Floor - Suite 2

Size 4,100 SF
Term 1-5 Years
Rental Rate $8.69 /SF/YR
Space Use Industrial
Condition Full Build-Out
Available April 01, 2026

Suite 2 is a total of 4,800 SQ FT. 1,800 SQ FT of the unit is office space which includes epoxy flooring, central heat & ac, one restroom, & reception area. This remaining 3,000 SQ FT (60 FT x 50 FT) is warehouse space. Rent is $8.69/SF/YR ($3,475.00/Month). Security Deposit of $3,475.00. Tenant is responsible for monthly rent, utilities (water, sewer, garbage, electricity, gas, internet, cable), and fire & liability coverage insurance. Landlord will cover lawn care & snow removal, property taxes, property insurance, and maintenance expenses (roof, mechanical systems, & exterior of the property). A 12-month lease minimum is required. Available for rent starting April 1st, 2026. No outdoor storage is permitted.

  • Listed rate may not include certain utilities, building services and property expenses
  • Includes 1,800 SF of dedicated office space
  • 1 Drive Bay
  • Space is in Excellent Condition
  • Central Air and Heating
  • Secure Storage
  • Signage - Light Box

1st Floor, Ste Suite 3

Size 576 SF
Term 1-3 Years
Rental Rate $11.46 /SF/YR
Space Use Office
Condition -
Available March 01, 2026

Suite 3 is a total of 576 SQ FT (24 FT x 24 FT) of office space. The unit includes two private offices & two restrooms. Rent is $11.46/SF/YR ($550.00/Month). Security Deposit of $550.00. Tenant is responsible for monthly rent, utilities (electricity, gas, sewer, water, garbage, internet, cable), and fire & liability coverage insurance. Landlord will cover lawn care & snow removal, property taxes, property insurance, and maintenance expenses (roof, mechanical systems, & exterior of the property). A 12-month lease minimum is required. Available for lease starting March 1st, 2026 or later. No outdoor storage is permitted. Additional space is available at this facility. Contact MillCo Management for more information. *Managing Broker is a partner in the property ownership. They also serve as both the Managing Broker and the Owner of MillCo Management, LLC. Licensed in Illinois and Iowa.

  • Listed lease rate plus proportional share of utilities
  • 2 Private Offices
  • Central Air and Heating
  • Private Restrooms
  • Private Offices
  • Two Restrooms
  • Built-ins
  • Central Heat & AC
  • 2 Parking Spaces

Property Overview

111 N Walnut Lane is subdivided into four suites located just seven miles from I-280 and twelve miles off of I-80. The property is a total of 12,100 SF which is a mix of office & warehouse space. This industrial facility offers a great opportunity to growing your business in Colona, IL!

Warehouse Facility Facts

Building Size
12,076 SF
Lot Size
0.88 AC
Year Built
1993
Construction
Metal
Power Supply
Phase: 3
Zoning
I-2
  • Listing ID: 39284960

  • Date on Market: 2/1/2026

  • Last Updated:

  • Address: 111 Walnut Ln, Colona, IL 61241

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