Large Industrial or Quarry Property for Sale - New Price Offering!

Byron, IL (Ogle County)

Large Industrial or Quarry Property for Sale - New Price Offering!
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Asking Price: Get Financing: $1,651,000

Gross Revenue: $32,000

Price/Sq. Ft.: $0.30


Building SF: N/A


Year Built: 1990

Large Industrial or Quarry Property for Sale - New Price Offering!

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Property Description

If you are looking for industrial or warehouse or quarry property - this is the one to pursue! If you wish to develop the land for light industrial or warehousing, it is already serviced by a heavy duty road with quick access to interstate highways. If you are in the quarry or road construction business, look what you will get: A large, 127 acre IDOT grade sand and gravel quarry property which can also hold commercial buildings. The property has excellent transportation access, near major highways, with a Tier 1 rail line running along the property line that goes to Chicago. The depth of the limestone and sand has been tested to at least 180 ft., resulting in a potential product haul worth over $300M at today's prices for sand, gravel and river rock. The land is also within a few miles of a major regional airport that will allow for management even if the owner is out of Illinois. The city where it is located is willing to allow the new owner/operator to dredge out the river next to the land to make the river more navigable - allowing for additional thousands of tons of sand and gravel to SELL AT NO ADDITIONAL LAND COST. This offering comes at an opportune time: The owner is ready to retire and is HIGHLY MOTIVATED TO SELL. We must stress this: the owner is READY TO MAKE A DEAL. He is now asking for $13,000 per acre - farmland prices for valuable commercial or mining land! This land is already priced considerably below average industrial property listings in the area. WHAT WOULD BE YOUR OFFER? Contact us via email or call me right away to explore this excellent opportunity!

Detailed Information

Other Business Real Estate
Building Status:
This land can have multiple uses because of its size and location along a river. Currently it is an income producing property producing $250/acre as farm rental land. An even greater opportunity can be generated by converting all or some of the property to either industrial/warehouse space and/or use a portion of it as a sand and gravel quarry (127 acres) that is fully permitted for excavation. Asphalt mixing may be permitted on the property. Property has a rail line running above it that will allow the building of a rail spur on the property. The property is sited along the south side of a public road with light industrial and warehouse facilities located on the north side of the road. This land is ideally suited for any and all of these options: farming, light industrial, warehouse storage, inter-modal transportation and quarry activities.
Current Property Expenses:
Full information on costs and permits available with signed non-disclosure.
Location Description:
This facility is located near to a small town, with full access to rail and highways. Rail spur can be located on the premises since it is located next to a Tier 1 rail line. With its siting along a river, the local city will allow a quarry operator to dredge the river nearby to help it provide recreational boating there.
Current and Prior Use:
Property has been leased as farmland for many years. The owner is now ready to sell the land as commercial property and/or a sand and gravel pit. The property has been bored and tested showing very high quality gravel and sand to a depth of 225+ ft., indicating a potential amount of 50MM tons of product. At current commodity gravel prices of $6/ton that is a potential haul of over $300,000,000 in value. The current owner will sell all mineral rights as part of the purchase of this land. With the rail line next to the property, the new owner can set up
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William Graham

Property Listed By:
Bill Graham

Turnbridge Financial Group, M.A.

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