1186 IL-37 Hwy - Self-Storage Facilities FOR SALE


West Frankfort, IL 62896
$1,950,000 USD
317-598-1220
1186 IL-37 Hwy, West Frankfort, IL for Sale
$1,950,000 USD
Self-Storage Facilities - FOR SALE
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1186 IL-37 Hwy
West Frankfort, IL 62896


OVERVIEW

RV, Boat and Self Storage facility with 23 acres of buildable land. There are currently 4 buildings on the property. Building 1 is a 13,406 sq. ft. structure, currently with 9 enclosed RV units, plus room plenty of unused room to grow. This building has an additional 2.135 sq. ft. truck/car wash attached. Building 2 is a 7 unit building with enclosed RV storage (4,715 sq. ft.) Building 3 contains 32 self storage units (28 - 10x15 and 4 - 4x8). It is 4,110 sq. ft. Building 4 is covered, but not completely enclosed. It is large enough for 8 RV units and is 7,000 sq. ft. in size. Total Sq. Ft. - 24,366 + 7k = 31,366 sq. ft. All buildings are metal and in good condition. They were refurbished and painted this year. There are also 3 rentable storage containers that come with the facility. One is brand new and the others are refurbished. All of them have 4 doors and each are split into 4 separate rentable units. There are also three large gravel parking lots. One of them is already set up with painted lines and bumper blocks for 250 RV or Boat spaces. There is plenty of room for an additional 300 spaces on the other two gravel lots. And there is an additional 7 acres of land that has not yet been developed. Lot 1 (Highway frontage) 130,000 sq. ft. Lot 2 (next to bldg 1) 130,000 sq. ft. Lot 3 (back lot) 80,000 sq. ft. There is a brand new 6' black chain link fence with barbed wire top surrounding a large section of the facility. There is also a 20' automatic sliding gate with keypad access connected to the internet and our webpage. There are 27 light poles (20' tall) throughout the facility and 20 of them have high intensity solar lights. There is a two sided LED sign 7x10 on a large pole along the highway frontage of the facility. It can be very bright and eye catching. This sign could generate additional income as well as advertise the facility. A fully functioning retail order page and management system is included with the sale, but there is a monthly fee for maintenance. https://RVStorageVault.com There is over 300' of highway frontage along IL-37. According to the Department of Transportation, this highway has 5700 cars passing every day. The facility is about 1 mile south of the town of West Frankfort, IL. The facility was a trucking company and rock crushing company until 2022 when the current owners took over and converted it into RV, Boat and Self-storage. This facility is extremely underutilized. It is still being filled. More buildings with higher income could easily be added to this facility - including steel awnings, enclosed RV units, self storage units, light tent structures for parking. It could also be utilized as an RV sales lot and a Uhaul center. There are many possible uses for this space.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

ADD'L SUBTYPES

Parking Garage, Parking Lot, Contractor Storage Yard

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

424

LAND DETAILS

LAND ACRES

23 AC

LAND SF

1,001,880 SF

ZONING

-

APN/PARCEL ID

11-25-476-015

ASK ABOUT THIS PROPERTY

Joe CrumpJoe CrumpMore Info
317-598-1220

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Joe CrumpJoe CrumpMore Info
317-598-1220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.