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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.

Property Facts

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
Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
07-07-303-001
Land Assessment
$1,991
Improvements Assessment
$18,244
Total Assessment
$20,235
  • Listing ID: 40059341

  • Date on Market: 4/7/2026

  • Last Updated:

  • Address: 162 Exchange St, Colona, IL 61241

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