Property for Sale: 106 S Franklin, Westfield, IL 62474
$300,000
$300,000
106 S Franklin,
Westfield, IL 62474
$300,000
Previous Photo
Next Photo
Click on photo to open Slide Show.
Price:
$300,000
Est. payment: Skip to Mortgage Calculator
Type Commercial
Lot Size 1.61 acres
Year Built 2023
City Westfield
County Clark
MLS 12258285
Status Active
This mini-storage complex, newly constructed in 2021, offers an excellent opportunity for investors seeking a turnkey property with significant value-add potential. Located on a highly visible 1.61-acre parcel, the property combines modern construction with room for future expansion to maximize returns. *Modern Construction: Built in 2021, the facility features 40 drive-up units, each measuring 10 x 15, with durable Trac Rite roll-up doors. *Prime Location: Positioned on the busiest street in town, the property boasts frontage on all four sides of the parcel, providing unmatched visibility and accessibility. *Room for Expansion: With 1.61 acres, the site offers ample space to add more units or introduce boat and RV parking to capitalize on unmet demand in the area. *Utilities and Features: Utilities are adjacent to the site, allowing for easy upgrades or future development. The current configuration is non-climate controlled with no docks, ensuring low operating costs. *Marketing Upside: Despite being a newly constructed facility, the property has not been aggressively marketed since the current owner acquired it from a family member. A targeted marketing strategy could significantly boost occupancy and revenue. *Operational Improvements: There are no security cameras, fencing, or operating software in place, providing an opportunity to enhance the tenant experience and security while commanding higher rental rates. *Expansion Options: The large parcel size accommodates the addition of more units or premium offerings such as boat and RV parking, which would diversify income streams. With its strategic location on the town's busiest street and strong curb appeal, this property is well-positioned to attract residential and commercial storage tenants. The lack of direct competition in the immediate area further underscores the property's potential for sustained growth.
Lot & Building Features
Cooling None
Tax Year 2022
Lot Dimensions 264 X 264 ft
Price History of 106 Franklin, Westfield, IL
Date | Name | Price | Difference |
---|---|---|---|
12/31/1969 | Listing Price | $300,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
Browse By Area
106 Franklin (MLS #12258285) is a commercial listing located in Westfield, IL. This is a commercial listing with a lot of 70,132 sqft (or 1.61 acres). This property was listed on 12/18/2024 and has been priced for sale at $300,000.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information courtesy of: MR. LANDMAN |