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Lake-access Boat & RV Conversion opportunity 11596 & 11638 IL Highway 1 61,350 SF 100% Leased Industrial Building Paris, IL 61944 $3,100,000 ($50.53/SF) 8.91% Cap Rate
INVESTMENT HIGHLIGHTS
- 7.39-acre site with 31,350 NRSF warehouse space and room for expansion
- Entrance to property within ½ block of primary boat launch
- 5-mile vehicle, boat & RV NRSF per capita of 1.14 (per StorTrack)
- Annexes the Twin Lakes, the area’s main all-sports lake
- One of the existing warehouses is fitted with 16’ x 20’ overhead doors
EXECUTIVE SUMMARY
If purchased at full-price, the seller will pre-fund renovation and construction of a 61,350 SF, 122-unit Boat & RV storage facility
PROPERTY FACTS
| Price | $3,100,000 | Building Class | C |
| Price Per SF | $50.53 | Lot Size | 7.39 AC |
| Sale Type | Investment | Rentable Building Area | 61,350 SF |
| Cap Rate | 8.91% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2007 |
| Property Subtype | Warehouse | Opportunity Zone |
Yes
|
| Zoning | CM - Commercial | ||
| Price | $3,100,000 |
| Price Per SF | $50.53 |
| Sale Type | Investment |
| Cap Rate | 8.91% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 7.39 AC |
| Rentable Building Area | 61,350 SF |
| No. Stories | 1 |
| Year Built | 2007 |
| Opportunity Zone |
Yes |
| Zoning | CM - Commercial |
1 1
PROPERTY TAXES
| Parcel Number | 09-13-25-200-034 | Improvements Assessment | $49,870 |
| Land Assessment | $11,790 | Total Assessment | $61,660 |
PROPERTY TAXES
Parcel Number
09-13-25-200-034
Land Assessment
$11,790
Improvements Assessment
$49,870
Total Assessment
$61,660
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Lake-access Boat & RV Conversion opportunity | 11596 & 11638 IL Highway 1
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