Description

This industrial property spans 11.31 acres and includes two warehouse buildings totaling approximately 13,400 square feet, currently occupied by three tenants on short-term leases, all at below-market rental rates. About ±6.5 acres of the site are improved with rock and utilized for outdoor storage, which is leased to two additional tenants, while an extra 2 acres of farm ground remain available for future development. The improvements consist of a 2,400-square-foot wood-frame, metal-skin warehouse at 655 Main Street and a 10,408-square-foot wood-frame, metal-skin warehouse at 726 Main Street. The property generates total net annual income of $23,808.24 and is located on the southeast edge of Worden, a village of 1,096 residents in Madison County, Illinois. Situated adjacent to the NS Railroad, the site offers convenient access to regional transportation, including Interstate 55 approximately 2.5 miles away, and is about 40 miles northeast of St. Louis and near Edwardsville, Illinois.