Warehouse/Office/Distribution Space with Secure Yard For Sale
Listing was updated at: 12/06/2018
Property Overview
Price/Rent PSF $ 950,000.00
Asset Type Industrial
Trade Type Sale
SQ. FT. Available 33,000
Date Available 12/06/2018
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Floors 1
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Large secured site, corner of Cass and Spencer near Caterpillar's Building KK

Excellent opportunity for a well maintained facility in central Illinois.

Approximately 33,000 SF commercial building on 6.47 acres of improved, secure lot.

Formerly used as office and R&D, this property is in excellent condition consisting of top notch office space with reception entrance off private parking lot to front of office. A large, open bull-pen containing several private offices, a large break room, and an updated media room and conference room with A/V wiring and structured cabling throughout. Building is fully sprinkled and has an emergency shelter.

Lab/Shop space adjacent to office consts of several large rooms with power and infrastructure throughout. Two 1/2 ton runway cranes are affixed in large R&D rooms. Former lab had strict heating and cooling requirements and so a new, oversized, rooftop AC unit was installed in 2016.

Lab area gives way to a large, open warehouse with crane, and utility mezzanine and roof access (stair access). Shop area includes three 2 ton jib cranes, three 1 ton jib cranes and four 1/2 ton jib cranes. One large overhead door opens to a private, large rear lot. Building features 480/277 electrical service.

The lot consists of 6.47 acres of improved lot with security fence throughout. A fuel island exists on site, including two pumps and three tanks. Poured concrete emergency shelter with entrance from interior offices and exterior lot, on site.

Employee and visitor parking off of Spencer street, separately fenced from rear and side yards (private and secured). Yard entrance from rear, off Cass Street. Yard extends behind the site and adjacent, all improved with pavement and security fencing.

Property is currently a part of the Caterpillar campus, and will be subdivided upon sale. The estimated costs to subdivide, which will include private hook up to Power, Sewer, Water, and Gas, is $560,000.00. As a purchase incentive, Caterpillar will to pay up to $250,000.00 towards the subdivision costs. Incentive subject to terms of offer.