Gary Williams
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
This large commercial property was formerly Lane Transport and is located in Farmington, IL on Rte. 116. There are many potential uses with the facility and land as it's located in the Farmington Commercial TIF district and qualifies for many redevelopment incentives. The building is also available for lease at $6 psf gross + utilities. The sale includes two connected buildings on 2.2 acres - the first building is a steel frame 11,534 Sq. Ft. with 1225 of office space, mostly open warehouse space and a heated shop area with internal and external overhead doors. The second building is a 3552 Sq. Ft. pole barn added in 2014 that features two large overhead doors and 8 concrete floors. The buildings are connected through a large walkway. There is 3 phase 480 electric in the large building and a small sub panel in the pole building. The office space features 3-4 offices, 2 restrooms, updated AC and furnace, and the warehouse space has an additional restroom. The roof was painted and sealed in 2019. Clearspan height in the warehouse is approximately 14'5. The main building includes 9 level dock doors. There are contiguous parcels of commercial land that could be purchased additionally, not included in the sale price.
Property Highlights
Property Type: Commercial - Industrial
Building Description: 1.0 stories
Available Sqft: 15086
Lot Size: 2.20 acres
General Information
County: Fulton
Listed By:
RE/MAX Traders Unlimited
Mobile: 309-363-2929
RMLSA
MLS ID: PA1256473
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125 W Barlow Road, Farmington, IL 61531.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $375,000 | $375,000 | $375,000 |
| Down Payment | $75,000 | $13,125 | $93,750 |
| Monthly Mortgage Amount | $1,823 | $2,208 | $2,317 |
| Taxes | $522 | $522 | $522 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $165 | $0 |
| Monthly Estimated Total | $2,454 | $3,004 | $2,948 |
Gary Williams
REALTOR®
Cell: (309) 743-8040
Licensed in IL & IA
Moline Office
1701 52nd Avenue
Moline, IL 61265
(309) 743-8000
Moline, IL 61265
(309) 743-8000
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