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Olson's Iron & Disposal 808 W Walnut St 7,782 SF 100% Leased Industrial Building Fairbury, IL 61739 $550,000 ($70.68/SF)



INVESTMENT HIGHLIGHTS
- 3.73 acres within Fairbury city limits
- Secure location at the end of a dead end street
- Mostly fenced property
EXECUTIVE SUMMARY
VERY RARE 3.73 acres of commercially zoned industrial property within city limits in Fairbury, IL with city water/city sewer currently being used as a profitable scrap yard collection business. The property is mostly fenced and has a railroad spur on the North side that is not currently being used. This property is available for sale as real estate with the buildings for your choice of business for $550,000. The 70 ft truck scale and some scrap yard equipment is available for purchase on an individual basis to the buyer. There is a possibility of expansion of the scrap yard business by the buyer with the offer of additional services to the Fairbury area. The main office building was built in 2011 (50x56) and has a separate reception area, 3/4 bath, storage room and utility area with heated floors in the reception area and A/C. The rest of the main building is a fully insulated and heated shop with 2 large overhead doors, concrete floors, huge storage loft and a storage closet. Building #2 (approximately 80x40) has a separate paint shop with car lift (not guaranteed to work) as there is currently no electricity to that building, but could easily be reinstalled. Building #3 (approximately 35x64) is a tall solid building with a large garage door and painted concrete floor used for can crushing storage and equipment. Building #4 (approximately 40x64) is an older storage building on the West end of the property with a dirt floor and is probably a tear-down or major reconstruction. Building #5 is an open shelter (approximately 56x128) that would be great for parking equipment/trucks under cover. Lots of business potential with this unique property.
PROPERTY FACTS
| Price | $550,000 | Lot Size | 3.62 AC |
| Price Per SF | $70.68 | Rentable Building Area | 7,782 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built | 2011 |
| Property Type | Industrial | ||
| Zoning | Commercial - Class: Commercial 25-03-353-052 S3 T26 R6 3.73 ACRE PT N1/2 SW SW BEG 338.81 NW INT W LN CALHOUN ST & S LN RR NW621.19 S276 E643.78 N TO POB | ||
| Price | $550,000 |
| Price Per SF | $70.68 |
| Sale Type | Investment or Owner User |
| Sale Condition | Business Value Included |
| Property Type | Industrial |
| Lot Size | 3.62 AC |
| Rentable Building Area | 7,782 SF |
| No. Stories | 1 |
| Year Built | 2011 |
| Zoning | Commercial - Class: Commercial 25-03-353-052 S3 T26 R6 3.73 ACRE PT N1/2 SW SW BEG 338.81 NW INT W LN CALHOUN ST & S LN RR NW621.19 S276 E643.78 N TO POB |
ABOUT 808 W WALNUT ST , FAIRBURY, IL 61739
Currently Olson's Iron & Disposal - scrap collection facility in Fairbury, IL
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PROPERTY TAXES
| Parcel Number | 25-25-03-353-052 | Improvements Assessment | $83,325 |
| Land Assessment | $31,367 | Total Assessment | $114,692 |
PROPERTY TAXES
Parcel Number
25-25-03-353-052
Land Assessment
$31,367
Improvements Assessment
$83,325
Total Assessment
$114,692
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Indian Creek Realty Inc.
Olson's Iron & Disposal | 808 W Walnut St
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