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Highlights

  • Flexible industrial layout featuring a mix of office and warehouse space to accommodate diverse operational needs.
  • Opportunity for businesses seeking a functional industrial facility in a well-connected location.
  • Positioned in Colona, IL, with easy access to major transportation routes for efficient distribution and logistics.
  • Subdivided into four suites, offering options for multi-tenant occupancy or single-user expansion.

Features

Clear Height
14’
Drive In Bays
2
Exterior Dock Doors
2
Standard Parking Spaces
10

All Available Spaces(2)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Build-Out
  • Available
  • 1st Floor - Suite 1
  • 6,700 SF
  • 1-5 Years
  • $11.46 CAD/SF/YR $0.96 CAD/SF/MO $76,805 CAD/YR $6,400 CAD/MO
  • Industrial
  • -
  • Now

111 N Walnut Lane is subdivided into three suites located just seven miles from I-280 and twelve miles off of I-80. The property is a total of 12,076 SF which is a mix of office & warehouse space. This industrial facility offers a great opportunity to growing your business in Colona, IL! Suite 1 offers approximately 6,700 square feet of warehouse space and features a loading dock along with new LED lighting throughout. The space is equipped with two manual dock doors (9' x 10'), one 9' x 9' automatic overhead door, and one 14' x 12' automatic overhead door. Build-to-suit options are available to accommodate tenant needs, and the unit is serviced by 3-phase, 200-amp power. Additionally, a 10' x 10' automatic overhead door provides the option to connect to an adjacent suite if both spaces are leased together. Rent is $8.06/SF/YR ($4,500.00/Month). Security Deposit of $4,500.00. Tenant is responsible for monthly rent, utilities (electricity, gas, garbage, internet, cable), and fire & liability coverage insurance. Landlord will cover lawn care & snow removal, property taxes, property insurance, and maintenance expenses (roof, mechanical systems, & exterior of the property). A 12-month lease minimum is required. No outdoor storage is permitted. Additional space is available at this facility. Contact MillCo Management for more information. *Managing Broker is a partner in the property ownership. They also serve as both the Managing Broker and the Owner of MillCo Management, LLC. Licensed in Illinois and Iowa.

  • Listed rate may not include certain utilities, building services and property expenses
  • 2 Loading Docks
  • Private Restrooms
  • Loading Dock
  • 1 Overhead Door (9 FT x 9 FT)
  • Overhead Heating Unit – Radiant Heat
  • 2 Drive Ins
  • Central Air and Heating
  • Secure Storage
  • 2 Dock Doors (9 FT x 10 FT)
  • 1 Overhead Door (14 FT x 12 FT)
  • LED Lighting
  • 1st Floor - Suite 2
  • 4,800 SF
  • 1-5 Years
  • $12.36 CAD/SF/YR $1.03 CAD/SF/MO $59,325 CAD/YR $4,944 CAD/MO
  • Industrial
  • Full Build-Out
  • Now

111 N Walnut Lane is subdivided into three suites located just seven miles from I-280 and twelve miles off of I-80. The property is a total of 12,076 SF which is a mix of office & warehouse space. This industrial facility offers a great opportunity to growing your business in Colona, IL! Suite 2 is a total of 4,800 SQ FT. 1,800 SQ FT of the unit is office space which includes epoxy flooring, central heat & ac, one restroom, & reception area. The remaining 3,000 SQ FT (60 FT x 50 FT) is warehouse space. The warehouse features fluorescent lighting, workbench stations, a wash sink, & a 12FT x 14FT manual overhead door. A roll-up door provides internal access between the warehouse and the office area. Additionally, there is a 10FT x 10FT automatic overhead door that offers the option to connect to Suite 1 should both units be rented together. Rent is $8.69/SF/YR ($3,475.00/Month). Security Deposit of $3,475.00. Tenant is responsible for monthly rent, utilities (water, sewer, garbage, electricity, gas, internet, cable), and fire & liability coverage insurance. Water/Sewer is a flat $55/month. Electric/Gas is a flat $375/month. Landlord will cover lawn care & snow removal, property taxes, property insurance, and maintenance expenses (roof, mechanical systems, & exterior of the property). A 12-month lease minimum is required. No outdoor storage is permitted. Additional space is available at this facility. Contact MillCo Management for more information. *Managing Broker is a partner in property ownership. They hold an active real estate license in Illinois and Iowa.

  • Listed rate may not include certain utilities, building services and property expenses
  • 1 Drive Bay
  • Central Air and Heating
  • Signage - Light Box
  • 12 FT x 14 FT Overhead Door
  • Includes 1,800 SF of dedicated office space
  • Space is in Excellent Condition
  • Secure Storage
  • Central Heat & AC
  • Zoned Industrial
Space Size Term Rental Rate Space Use Build-Out Available
1st Floor - Suite 1 6,700 SF 1-5 Years $11.46 CAD/SF/YR $0.96 CAD/SF/MO $76,805 CAD/YR $6,400 CAD/MO Industrial - Now
1st Floor - Suite 2 4,800 SF 1-5 Years $12.36 CAD/SF/YR $1.03 CAD/SF/MO $59,325 CAD/YR $4,944 CAD/MO Industrial Full Build-Out Now

1st Floor - Suite 1

Size
6,700 SF
Term
1-5 Years
Rental Rate
$11.46 CAD/SF/YR $0.96 CAD/SF/MO $76,805 CAD/YR $6,400 CAD/MO
Space Use
Industrial
Build-Out
-
Available
Now

1st Floor - Suite 2

Size
4,800 SF
Term
1-5 Years
Rental Rate
$12.36 CAD/SF/YR $1.03 CAD/SF/MO $59,325 CAD/YR $4,944 CAD/MO
Space Use
Industrial
Build-Out
Full Build-Out
Available
Now

1st Floor - Suite 1

Size 6,700 SF
Term 1-5 Years
Rental Rate $11.46 CAD/SF/YR
Space Use Industrial
Build-Out -
Available Now

111 N Walnut Lane is subdivided into three suites located just seven miles from I-280 and twelve miles off of I-80. The property is a total of 12,076 SF which is a mix of office & warehouse space. This industrial facility offers a great opportunity to growing your business in Colona, IL! Suite 1 offers approximately 6,700 square feet of warehouse space and features a loading dock along with new LED lighting throughout. The space is equipped with two manual dock doors (9' x 10'), one 9' x 9' automatic overhead door, and one 14' x 12' automatic overhead door. Build-to-suit options are available to accommodate tenant needs, and the unit is serviced by 3-phase, 200-amp power. Additionally, a 10' x 10' automatic overhead door provides the option to connect to an adjacent suite if both spaces are leased together. Rent is $8.06/SF/YR ($4,500.00/Month). Security Deposit of $4,500.00. Tenant is responsible for monthly rent, utilities (electricity, gas, garbage, internet, cable), and fire & liability coverage insurance. Landlord will cover lawn care & snow removal, property taxes, property insurance, and maintenance expenses (roof, mechanical systems, & exterior of the property). A 12-month lease minimum is required. No outdoor storage is permitted. Additional space is available at this facility. Contact MillCo Management for more information. *Managing Broker is a partner in the property ownership. They also serve as both the Managing Broker and the Owner of MillCo Management, LLC. Licensed in Illinois and Iowa.

  • Listed rate may not include certain utilities, building services and property expenses
  • 2 Drive Ins
  • 2 Loading Docks
  • Central Air and Heating
  • Private Restrooms
  • Secure Storage
  • Loading Dock
  • 2 Dock Doors (9 FT x 10 FT)
  • 1 Overhead Door (9 FT x 9 FT)
  • 1 Overhead Door (14 FT x 12 FT)
  • Overhead Heating Unit – Radiant Heat
  • LED Lighting

1st Floor - Suite 2

Size 4,800 SF
Term 1-5 Years
Rental Rate $12.36 CAD/SF/YR
Space Use Industrial
Build-Out Full Build-Out
Available Now

111 N Walnut Lane is subdivided into three suites located just seven miles from I-280 and twelve miles off of I-80. The property is a total of 12,076 SF which is a mix of office & warehouse space. This industrial facility offers a great opportunity to growing your business in Colona, IL! Suite 2 is a total of 4,800 SQ FT. 1,800 SQ FT of the unit is office space which includes epoxy flooring, central heat & ac, one restroom, & reception area. The remaining 3,000 SQ FT (60 FT x 50 FT) is warehouse space. The warehouse features fluorescent lighting, workbench stations, a wash sink, & a 12FT x 14FT manual overhead door. A roll-up door provides internal access between the warehouse and the office area. Additionally, there is a 10FT x 10FT automatic overhead door that offers the option to connect to Suite 1 should both units be rented together. Rent is $8.69/SF/YR ($3,475.00/Month). Security Deposit of $3,475.00. Tenant is responsible for monthly rent, utilities (water, sewer, garbage, electricity, gas, internet, cable), and fire & liability coverage insurance. Water/Sewer is a flat $55/month. Electric/Gas is a flat $375/month. Landlord will cover lawn care & snow removal, property taxes, property insurance, and maintenance expenses (roof, mechanical systems, & exterior of the property). A 12-month lease minimum is required. No outdoor storage is permitted. Additional space is available at this facility. Contact MillCo Management for more information. *Managing Broker is a partner in property ownership. They hold an active real estate license in Illinois and Iowa.

  • Listed rate may not include certain utilities, building services and property expenses
  • Includes 1,800 SF of dedicated office space
  • 1 Drive Bay
  • Space is in Excellent Condition
  • Central Air and Heating
  • Secure Storage
  • Signage - Light Box
  • Central Heat & AC
  • 12 FT x 14 FT Overhead Door
  • Zoned Industrial

Property Overview

111 N Walnut Lane is subdivided into three suites located just seven miles from I-280 and twelve miles off of I-80. The property is a total of 12,076 SF which is a mix of office & warehouse space. This industrial facility offers a great opportunity to growing your business in Colona, IL! *Managing Broker is a partner in the property ownership. They also serve as both the Managing Broker and the Owner of MillCo Management, LLC. Licensed in Illinois and Iowa.

Warehouse Facility Facts

Building Size
12,076 SF
Lot Size
0.88 AC
Year Built
1993
Construction
Metal
Power Supply
Phase: 3
Zoning
I-2 - Industrial
Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
  • Listing ID: 39284960

  • Date on Market: 2026-02-21

  • Last Updated:

  • Address: 111 Walnut Ln, Colona, IL 61241

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