Approx. 177,000 SF Former Bosch Manufacturing Facility

255 West Fleming Street Watseka 60970

255 West Fleming Street, Watseka, 60970
255 West Fleming Street, Watseka, 60970
FOR SALE Auction Property
Property Type:
Industrial
Amount:
$1,416,000
Last Verified:
May 21, 2021

Suggested Opening Bid: $1,416,000 Buyer’s Premium: 6% Cooperating Broker’s Commission: 2% of Bid Price/Offer Price (before Buyer’s Premium is added) Lot Size: Approx. 55 Acres with 30 Acres Considered Surplus Building Size: Approx. 177,000 SF 2019 Total Taxes: $10,187.44 PIN# 19-31-476-002 – $6,269.40 PIN# 19-31-404-002 – $750.62 PIN# 19-32-351-001 — $3,167.42 Zoning: M-1 This building is a former Bosch Manufacturing facility. Recent upgrades include roof (70% of the roof was replaced with a new membrane), boiler, loading docks and lighting systems. Other updates include a dedicated water well and water tower (sprinkler system support). Recent tax appeals have lowered taxes by 50%. The main manufacturing facility has 30’ ceilings. Approximately 100,000 SF of storage has 17’ ceilings. The building has heavy power and a recently updated sprinkler system. The building has approximately 10,000 SF of updated office space. This property has numerous uses such as manufacturing or hydroponic/medical marijuana growth facilities. Priced attractively at approximately $8.00 per SF. Pre-Auction Bids Highly Encouraged! Located southeast of Kankakee, approx. 20 minutes east of I-57. Easily accessible from US Route 24/ IL Route 1.

Additional URLs

Map of 255 West Fleming Street, Watseka, 60970

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.