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Illinois State Police Forensic Science Lab 1810 S Main St 13,200 SF Industrial Building Morton, IL 61550 $3,487,201 CAD ($264.18 CAD/SF) 9.37% Cap Rate
Executive Summary
Net lease investment opportunity for sale. 13,200 SF free standing building near Peoria IL. The Illinois State Police Department occupies this building for the last 45 years as a forensic lab. Please note, the lease is guaranteed by the state of Illinois and the credit rating as of March 2025 is an A- from S&P Global Ratings. Recent improvements including new HVAC, parking lot and office renovations. The lease was recently renewed for ten (10) years with escalations.
Property Facts
| Price | $3,487,201 CAD | Lot Size | 1.58 AC |
| Price Per SF | $264.18 CAD | Rentable Building Area | 13,200 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 9.37% | Year Built/Renovated | 1978/1988 |
| Property Type | Industrial | Tenancy | Single |
| Building Class | B | Parking Ratio | 2.8/1,000 SF |
| Zoning | B2 - General Business Enterprise Zone | ||
| Price | $3,487,201 CAD |
| Price Per SF | $264.18 CAD |
| Sale Type | Investment |
| Cap Rate | 9.37% |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 1.58 AC |
| Rentable Building Area | 13,200 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1978/1988 |
| Tenancy | Single |
| Parking Ratio | 2.8/1,000 SF |
| Zoning | B2 - General Business Enterprise Zone |
Amenities
- Bio-Tech/ Lab Space
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Property Taxes
| Parcel Number | 06-06-29-115-037 | Improvements Assessment | $448,645 CAD |
| Land Assessment | $111,006 CAD | Total Assessment | $559,651 CAD |
Property Taxes
Parcel Number
06-06-29-115-037
Land Assessment
$111,006 CAD
Improvements Assessment
$448,645 CAD
Total Assessment
$559,651 CAD
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Illinois State Police Forensic Science Lab | 1810 S Main St
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