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Hughes Building 1119 Kickapoo St 246,369 SF 100% Leased Industrial Building Lincoln, IL 62656 $3,500,000 ($14.21/SF)
Investment Highlights
- 1 Active tenant and seller will sign 1 year leaseback for 20,000 SF at $3.40/SF Gross per year
- Heavy power with 6,000 Amps coming into the building
- Rail Spur Connection at rear of property
- Building has not been actively marketed for lease in 15 years
- Sprinkler system, new LED lights and new heaters throughout
- Ceiling Heights Range from 16 feet to 24 feet and wide column spacing of 50’w x 50’d
Executive Summary
254,000 SF industrial warehouse. No deferred maintenance. Extremely low property taxes of $27,350 per year. Well located just 3 miles from I-55 interchange
Property Facts
| Price | $3,500,000 | Rentable Building Area | 246,369 SF |
| Price Per SF | $14.21 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1974 |
| Sale Condition | Auction Sale | Parking Ratio | 0.41/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 23’6” |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 12 |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 12.80 AC | ||
| Zoning | I-2 - Industrial Zoned District | ||
| Price | $3,500,000 |
| Price Per SF | $14.21 |
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 12.80 AC |
| Rentable Building Area | 246,369 SF |
| No. Stories | 1 |
| Year Built | 1974 |
| Parking Ratio | 0.41/1,000 SF |
| Clear Ceiling Height | 23’6” |
| No. Dock-High Doors/Loading | 12 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | I-2 - Industrial Zoned District |
Amenities
- Signage
- Reception
- Storage Space
- Air Conditioning
- Smoke Detector
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Lawrence Screw Products Inc
- -
- 500 SF
- -
- -
Hardware manufacturer based in Lincoln, Illinois founded in 1977.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Lawrence Screw Products Inc | - | 500 SF | - | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Multiple IND Warehouse Spaces Available for Lease
| Space | Size | Space Use | Condition | Available |
| 1st Fl - A | 220,000 SF | Industrial | Full Build-Out | 30 Days |
1st Fl - A
| Size |
| 220,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl - A
| Size | 220,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | 30 Days |
Multiple IND Warehouse Spaces Available for Lease
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $182,980 | |
| Land Assessment | $113,910 | Total Assessment | $296,890 |
Property Taxes
Parcel Numbers
Land Assessment
$113,910
Improvements Assessment
$182,980
Total Assessment
$296,890
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Hughes Building | 1119 Kickapoo St
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