$54.69 Per Sq Foot $3,758 est/mo Sourced by Back At You

672 Us Rt. 52,Amboy, IL 61310

Amboy IL, 61310

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Description

Route 52 Self-Storage is located just south of Amboy, IL on US Hwy 52. The property has 2.96 acres. The facility currently consists of two buildings, (1) 40' x 140' and (1) 40' x 180'. There are currently 68 units in total with 12,800 rentable square feet. The facility was constructed in 2022. This is a non-climate controlled facility. Drive up friendly. No high docks. No fence but the facility utilizes security cameras and 37-new solar lights. The facility sits on 2.96 acres and the current owner estimates that there is enough land to build an additional 18,000 square feet of storage! The facility was completed in 2023 and is already over 66% occupied (far exceeding the national lease-up average of 3.5%/month). At this current rate the facility might be ready to begin construction on the next storage building in late 2024 or early 2025! Rates are still based on initial pricing to attract new tenants. With the exception of the 10'x10' units all of the units are under $.50/sq ft. Opportunity to increase marketing with Google, Facebook, and other online storage sites. Although Amboy is a smaller farming community it has additional sources of renters close by. This facility is approximately three miles away from Woodhaven Lakes RV Park in Sublette, IL. Woodhaven is one of the largest RV parks in the country with over 6,000 sites! Woodhaven serves as a weekend or summer home for thousands of Chicagoland residents. This facility is in a terrific location to capitalize on these commuting campers!

Details

MLS#12026068
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year2022
Days On Site49
Listing Provided ByMR. LANDMAN | Jon Fisher

Features

SQ Feet12,800
Story(s)1
Units68
ZoningOTHER
Acreage2.96

Market Activity 61310

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Learn More About This Property

StateIL
CountyLee
CityAmboy
Zip Code61310
AreaAmboy
Listing VS Median (in 61310)
Price:
$700,000
low | high
Med:
$213,000
100% of Average
SqFt:
12,800
low | high
Med:
1,961
100% of Average
$ / SqFt:
$55
low | high
Med:
$109
49.032274408472% of Average
On Site:
49
low | high
Med:
62
79.032258064516% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 8:09:33 PM PDT