Industrial Business Park for Sale in Illinois

Normal, IL
McLean County

Great Location

Asking Price: Annual Revenue:
$7,600,000 Not Disclosed

Commercial Real Estate: Office Space, Office Parks

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RE: Industrial Business Park for Sale in Illinois Broker: Dennis Hansmann

Quick Facts

Asking Price: $7,600,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: $697,658
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $7,600,000
Year Established: 1997
Employees: 1
BBN Listing #: 624237950
Broker Reference #: F191

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Business Overview:

Location, Location, Location for this fully occupied business park for sale in Illinois. This is a commercial/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 real estate opportunity as far as major long-term income-generating assets are concerned, but from a cash flow standpoint, this is primarily a property management business with income generated from the unit rentals. There are several buildings that are single or multi-tenant units of various sizes as designed for rental purposes. The rent has not been increased at all over the year 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.

$697,657.80 is annual cash flow (SDE) or true owner benefit average over the last two years.

All financial numbers subject to change if/when any new information becomes available and subject to full review by a buyer or buyer group during the appropriate due diligence process in the post-offer acceptance phase.

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Property Features and Assets:

The land area is approximately 11.72 acres.The improvement size is approximately 154,610 square feet. There remains some open area of perhaps one acre that can still be developed for addition expansion.

Market Competition and Expansion:

Nothing else of this exact size, scope, or location exists in this area.

Reason for Selling:

Begin semi-retirement.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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