NOT LISTED FOR SALE

Milan, IL 61264

Southwest Rock Island Neighborhood
-- Bed
-- Bath
-- Sq Ft
1.3 Acres

About This Home

As of November 2022

8,700 SF industrial suite in the Milan Industrial Park. Warehouse has 16' sidewalls, two 12' x 14' drive-in doors, outside truck dock, mezzanine, 600 amps 480V-3 PH 120V/ 208V split power, T-5 lighting, ceiling fans, and two wash sinks. Upscale 1,050 SF office has reception area, three private offices, one conference room, breakroom, and two restrooms.

Last Agent to Rent the Property

Charlie Armstrong

NAI Ruhl Commercial Company License #S41067000/475.130998 Listed on: 05/23/2022

NAI Ruhl Commercial Company

Last Renter's Agent

Charlie Armstrong

NAI Ruhl Commercial Company License #S41067000/475.130998 Listed on: 05/23/2022

NAI Ruhl Commercial Company

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $14,529

Year Built

  • Built in 2008

Lot Details

  • 1.3

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for common area maintenance, electric, gas, insurance, internal maintenance, janitorial, management, real estate taxes, snow/lawn, trash, water/sewer
  • The owner pays for roof, structural maintenance

Property Details

Property Type

Other

Est. Annual Taxes

$14,529

Year Built

Built in 2008

Lot Details

0

Rental Info

  • Monthly Lease Rate: 4712
  • Lease Dollar Sq Ft: 6.5
  • Lease Type: Net
  • Owner Pays: Roof, Structural Maintenance
  • Sale Lease Includes: Building, Land
  • Tenant Pays: Common Area Maint, Electric, Gas, Insurance, Internal Maintenance, Janitorial, Management, Real Estate Taxes, Snow/Lawn, Trash, Water/Sewer
  • Terms Lease: 3 Years, 5 Years

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Industrial
  • Lvt Date: 06/15/2022
  • Year Built: 2008
  • Handicap Modified: Unknown
  • Three Phase: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Reinforced Concrete, Tile/Vinyl
  • Maximum Ceiling Ht Feet: 16
  • Min Ceiling Ht Feet: 16
  • Total Building Sq Ft: 16260
  • Estimated Lot Sq Ft: 56,628

Exterior Features

  • Exterior Finish: Block, Steel
  • Frontage Access: City Street, Paved 2Lane
  • Insulation: Party Walls, Roof, Side Walls
  • Roof Construction: Metal
  • Wall Construction: Steel/ST Fram

Utilities

  • Electric Company: MidAmerican
  • Cooling: Central Air
  • Heating: Forced Air, Individual Units
  • Water Supply: Municipal/City
  • Gas Company: MidAmerican
  • Water Company: City of Milan

Lot Info

  • Estimated Number of Acres: 1.3
  • Zoning: I-1
  • Geo Subdivision: IL
  • Irregular Lot: No
  • Property Use: Distribution Warehouse, Manufacturing, Warehouse

Tax Info

  • Annual Taxes: 14529
  • Parcel Id Number Tax Id: 16-26-118-001
  • Estimated Taxes Sq Ft: 1.67
  • Tax Incentive: In City Limit
  • Tax Year: 2020

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Allied Investment Group Llc $1,900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2022 11/30/22 Rented $288,666 0.0% --
11/08/2022 11/08/22 Under Contract -- -- --
05/23/2022 05/23/22 For Rent $288,666 -- --
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $30,464 $330,532 $14,779 $315,753
2023 $30,464 $308,908 $13,812 $295,096
2022 $27,406 $284,971 $12,742 $272,229
2021 $27,230 $269,859 $12,066 $257,793
2020 $26,675 $263,020 $11,760 $251,260
2019 $26,754 $260,416 $11,644 $248,772
2018 $26,018 $257,328 $11,506 $245,822
2017 $23,754 $252,529 $11,291 $241,238
2016 $23,187 $251,273 $11,235 $240,038
2015 $23,240 $249,949 $11,176 $238,773
2014 -- $244,568 $10,935 $233,633
2013 -- $244,568 $10,935 $233,633
Source: Public Records

Agents Affiliated with this Home

  • Charlie Armstrong

    Landlord's Agent in 2022

    Charlie Armstrong

    NAI Ruhl Commercial Company

    (563) 529-6600

    2 in this area

    44 Total Sales

    Charlie Armstrong
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Source: RMLS Alliance

MLS Number: RMAQC4234165

RMLS Alliance

APN: 16-26-118-001

Illinois Rock Island County Milan 61264

Southwest Rock Island

This home since 23 May 2022. This property was built in 2008. This home is a home located in Rock Island County with nearby schools including Ridgewood Elementary School, Edison Jr High School, and Rock Island High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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