Ashley Pankey
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- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
High capacity grain elevator with expansion potential in Forest City, IL. Presenting a significant opportunity to acquire a fully operational grain elevator. This turnkey facility boasts a total storage capacity of over 1.7 million bushels, making it a strategic asset for any agricultural enterprise. Key among its features is a newer 515,000 bushel bin, reflecting recent investment and modernization. The facility's growth potential is immense, supported by substantial upgrades to the electrical systems and core infrastructure within the last five years. These improvements not only enhance current operations, but are designed to accommodate future expansion. With ample land available for further development, this currently operating facility is primed for growth. This is a rare chance to purchase a well maintained, high capacity grain storage operation with a clear path for expansion. The main house pit has a capacity of 300 bushels with an unloading rate of 6,000 BPH (bushels per hour). A separate pit holds 3,000 bushels and is equipped with a 15,000 BPH leg. The office space is 600 square feet, which includes a 200-square-foot tool shop.
Property Highlights
Property Type: Commercial - Industrial
Building Description: 4.0 stories
Available Sqft: 1735755
Lot Size: 2.00 acres
General Information
County: Mason
Listed By:
Adam Merrick Real Estate
homes@adammerrick.com
RMLSA
MLS ID: PA1261797
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102 S Broadway Street, Unit 1-6, Forest City, IL 61532.
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,699,900 | $1,699,900 | $1,699,900 |
| Down Payment | $59,497 | $0 | $339,980 |
| Monthly Mortgage Amount | $10,142 | $10,551 | $8,263 |
| Taxes | $2366 | $2366 | $2366 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $1,020 | $0 | $0 |
| Monthly Estimated Total | $14,024 | $13,413 | $11,125 |
Ashley Pankey
REALTOR®
Cell: (309) 721-8830
Licensed in IL & IA
Moline Office
1701 52nd Avenue
Moline, IL 61265
(309) 743-8000
Moline, IL 61265
(309) 743-8000
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