• Broker Joseph Nugent 8155099005

124 E River St 9,000 SF Industrial Building Momence, IL 60954 $599,000 ($66.56/SF)

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INVESTMENT HIGHLIGHTS

  • 5,500 sf warehouse
  • Ample Parking
  • 7 Private Office Spaces

EXECUTIVE SUMMARY

This 9,000 square foot industrial/office building features 5,500 square feet of warehouse space and 3,500 square feet of office space. The office area includes 7 offices and an open bullpen for flexible workspaces. The building is zoned under the M-1 Manufacturing District, offering a range of industrial uses. A new roof was installed in 2024, ensuring the building is in excellent condition. The warehouse is heated and includes a locker room, along with three overhead doors: two 14'x9' doors and one 8'x8' door, facilitating easy access for large equipment or vehicles. Parking is abundant, with street parking and approximately 50 public spaces located across the street along the Kankakee River.

TAXES & OPERATING EXPENSES (ACTUAL - 2023)

ANNUAL ANNUAL PER SF
Taxes $9,363 $1.04
Operating Expenses - -
Total Expenses $9,363 $1.04

TAXES & OPERATING EXPENSES (ACTUAL - 2023)

Taxes
Annual $9,363
Annual Per SF $1.04
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $9,363
Annual Per SF $1.04

PROPERTY FACTS

Price $599,000 Lot Size 0.34 AC
Price Per SF $66.56 Rentable Building Area 9,000 SF
Sale Type Owner User No. Stories 1
Property Type Industrial Year Built 1983
Property Subtype Warehouse Clear Ceiling Height 9’
Building Class C No. Drive In / Grade-Level Doors 14
Zoning Industrial - M-1 Manufacturing District- Limited
Price $599,000
Price Per SF $66.56
Sale Type Owner User
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 0.34 AC
Rentable Building Area 9,000 SF
No. Stories 1
Year Built 1983
Clear Ceiling Height 9’
No. Drive In / Grade-Level Doors 14
Zoning Industrial - M-1 Manufacturing District- Limited

PROPERTY TAXES

Parcel Numbers 05-11-19-104-021, 05-11-19-104-020 Total Assessment $153,860 (2024)
Land Assessment $18,647 (2024) Annual Taxes $9,363 ($1.04/SF)
Improvements Assessment $135,213 (2024) Tax Year 2023 Payable 2024

PROPERTY TAXES

Parcel Numbers
Multiple
  • 05-11-19-104-021
  • 05-11-19-104-020
Land Assessment
$18,647 (2024)
Improvements Assessment
$135,213 (2024)
Total Assessment
$153,860 (2024)
Annual Taxes
$9,363 ($1.04/SF)
Tax Year
2023 Payable 2024

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  • Listing ID: 34189751

  • Date on Market: 12/13/2024

  • Last Updated: 5/13/2025

  • Address: 124 E River St, Momence, IL 60954