400 Madison st 3,850 SF Flex Building Towanda, IL 61776 $423,500 ($110/SF)
INVESTMENT HIGHLIGHTS
- Conveniently located off Interstate 55, exit 171, and just minutes from Normal and Bloomington.
- Polished concrete floors in both the office and main warehouse area, providing a high-quality and durable finish
- Upgraded LED lighting, a surround sound system, and new man doors throughout
- Four overhead doors, each equipped with garage door openers and remote controls, offering easy access and functionality.
- The air-conditioned office space includes a large, open multi-purpose room, one (1) private office, and two (2) restrooms.
- All shelving units are securely attached to the building and will be included with the sale of the property.
EXECUTIVE SUMMARY
Discover a unique property opportunity in the Village of Towanda, conveniently located off Interstate 55, exit 171, and just minutes from Normal and Bloomington.
Versatile Space: This freestanding property boasts four overhead doors, each equipped with garage door openers and remote controls, offering easy access and functionality.
Quality Interiors: Enjoy the beautiful polished concrete floors in both the office and main warehouse area, providing a high-quality and durable finish, along with the block structure and steel roof for low maintenance ownership.
Office Features: The air-conditioned office space includes a large, open multi-purpose room, one (1) private office, and two (2) restrooms. One restroom features a mop sink for easy clean-up.
Modern Amenities: The building is enhanced with upgraded LED lighting, a surround sound system, and new man doors throughout. It also has two (2) hanging heaters and is pre-wired for a generator (generator unit not included).
Included Fixtures: All shelving units are securely attached to the building and will be included with the sale of the property.
This former fire station offers a unique blend of functionality and modern amenities, making it an ideal space for a variety of uses. Don’t miss out on this exceptional opportunity in Towanda.
Versatile Space: This freestanding property boasts four overhead doors, each equipped with garage door openers and remote controls, offering easy access and functionality.
Quality Interiors: Enjoy the beautiful polished concrete floors in both the office and main warehouse area, providing a high-quality and durable finish, along with the block structure and steel roof for low maintenance ownership.
Office Features: The air-conditioned office space includes a large, open multi-purpose room, one (1) private office, and two (2) restrooms. One restroom features a mop sink for easy clean-up.
Modern Amenities: The building is enhanced with upgraded LED lighting, a surround sound system, and new man doors throughout. It also has two (2) hanging heaters and is pre-wired for a generator (generator unit not included).
Included Fixtures: All shelving units are securely attached to the building and will be included with the sale of the property.
This former fire station offers a unique blend of functionality and modern amenities, making it an ideal space for a variety of uses. Don’t miss out on this exceptional opportunity in Towanda.
TAXES & OPERATING EXPENSES (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$5,234
|
$1.36
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,234
|
$1.36
|
PROPERTY FACTS
| Price | $423,500 |
| Price Per SF | $110 |
| Sale Type | Owner User |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 0.23 AC |
| Rentable Building Area | 3,850 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 4 |
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PROPERTY TAXES
| Parcel Number | 15-05-386-001 | Total Assessment | $56,462 (2022) |
| Land Assessment | $8,586 (2022) | Annual Taxes | $5,234 ($1.36/SF) |
| Improvements Assessment | $47,876 (2022) | Tax Year | 2023 Payable 2024 |
CONTACT
-
Meghan O'Neal-Rogozinski -
AXIS 360 Commercial Real Estate Specialists
