Industrial Business Park for Sale in Illinois

Normal, IL (McLean County)

Industrial Business Park for Sale in Illinois
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Asking Price: $7,600,000

Cash Flow: $697,658

Gross Revenue: $803,068


FF&E: $50,000

Inventory: N/A

Real Estate: $7,600,000

Established: 1997

Industrial Business Park for Sale in Illinois

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Business Description

Fully occupied business park for sale in Illinois. This is a light industrial business park where tenants use the units for various purposes including distribution, small manufacturing or machining, installation services, repair services, contracting offices, warehousing, storage, sales offices, etc. This is a great real estate opportunity as far as major long-term income-generating assets are concerned, but this is also essentially a property management business as far as managing the leased spaces etc. There are several buildings that are single or multi-tenant units of various sizes as designed for rental purposes. The rent has very minimally ever been increased over the years on any units to our knowledge so that is a huge upside for a new owner to phase in a significant increase over time with an already extremely profitable income-producing business park. The units are fully occupied now and have been consistent since the development of the business park started in the mid-late 1990's.

* Call for general non-confidential details and a discussion to see if this is a good fit for you. Happy to speak generally in order to assist you prior to your needing to sign a CA/NDA.

** Listing content subject to change if/when additional or more current information becomes available and this listing can be withdrawn without notice.

Detailed Information

Normal, IL
Real Estate:
Included in asking price
Building SF:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
The land area is approximately 11.72 acres.The improvement size is approximately 154,610 sq ft.
Nothing of this exact size, scope, location.
Growth & Expansion:
There remains some open area of approximately one acre that can still be developed for addition expansion on this property. Increased rent amounts can be phased in as very limited if any increases have occured for almost all the tenants over the years.
Support & Training:
As much as needed an discussed during the purchase process. This is a very low touch model with limited need for employees or even ownership onsite.
Reason for Selling:
Begin semi-retirement.
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(from currently available funds)
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Dennis Hansmann

Business Listed By:
Dennis Hansmann

American Business Acquisitions Inc.

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