1744 Pj Keller HwyLexington, IL 61753

For Sale
Call for price

High-yield flex space with expansion potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional value-add investment opportunity in Lexington, Illinois, presents a 13,266 square foot property encompassing a beautifully maintained 61-unit self-storage facility (10,206 sq ft) and a 3,060 square foot flex building currently owner-occupied. The property sits on a 2-acre lot (APN: 09-07-100-046) with additional land available for expansion, offering significant upside potential. The current NOI is $42,271, yielding a 6.50% cap rate. Pro-forma projections indicate a substantial increase to $67,831 NOI and a 10.44% cap rate. The property is zoned R-2 and strategically located at the I-55 Lexington interchange, providing excellent visibility and accessibility. This versatile property offers a unique blend of income-generating assets, presenting a compelling opportunity for investors seeking strong returns and future growth. The flex building can be utilized by the new owner or leased for additional revenue. This is a rare chance to acquire a well-maintained property with significant expansion possibilities in a prime location.

Highlights

  • 61-unit self-storage facility (10,206 sq ft).
  • 3,060 sq ft flex building.
  • Additional land available for expansion.
  • Significant upside potential.

Property Details for 1744 Pj Keller Hwy

Property type
Self storage facilities, Other industrial properties
Square Feet
13,266 SF
Lot Size (sq. ft)
87,120 SF
Units
61

Location Insight

City
Lexington
County
McLean
State
Illinois
Latitude
40.6437138
Longitude
-88.8049492
1744 Pj Keller Hwy, Lexington, Illinois

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1744 Pj Keller Hwy
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