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162 Exchange St 5,500 SF 100% Leased Industrial Building Colona, IL 61241 $315,000 ($57.27/SF)
Investment Highlights
- Corner lot location with strong access and visibility.
- Equipped with 3-phase power and air compressor lines throughout.
- Ample outdoor parking suitable for trucks, trailers, and equipment.
- Multiple garage bays and overhead doors for flexible operations.
- Includes office space with AC and heating for year-round functionality.
- Zoned commercial with existing industrial-style setup.
Executive Summary
This versatile industrial property offers approximately 5,600 square feet of functional space designed for a wide range of business uses. The main shop area provides generous work zones with multiple bays, complemented by an L-shaped workshop and office section for storage, operations, or administrative needs. A detached building adds flexibility with two garage bays and a new garage door and opener installed. The property includes a heater unit, air compressor with active lines, and a wood-burning fireplace, ensuring year-round operational efficiency.
Additional features include five overhead doors, concrete floors, and 3-phase power, making it ideal for contractors, auto service, or light industrial users. Located on a corner lot with solid access and ample outdoor parking for trucks, trailers, or equipment, this site is zoned commercial and ready for immediate use.
Additional features include five overhead doors, concrete floors, and 3-phase power, making it ideal for contractors, auto service, or light industrial users. Located on a corner lot with solid access and ample outdoor parking for trucks, trailers, or equipment, this site is zoned commercial and ready for immediate use.
Property Facts
| Price | $315,000 | Lot Size | 0.26 AC |
| Price Per SF | $57.27 | Rentable Building Area | 5,500 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1984 |
| Building Class | C |
| Price | $315,000 |
| Price Per SF | $57.27 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 0.26 AC |
| Rentable Building Area | 5,500 SF |
| No. Stories | 1 |
| Year Built | 1984 |
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Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 07-07-303-001 | Improvements Assessment | $18,244 |
| Land Assessment | $1,991 | Total Assessment | $20,235 |
Property Taxes
Parcel Number
07-07-303-001
Land Assessment
$1,991
Improvements Assessment
$18,244
Total Assessment
$20,235
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162 Exchange St
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