111 Walnut Ln
Colona, IL 61241

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.

• Date available: Now
• Lease term: 1 - 5 Years
• Service type: Modified Gross
• Space Type: Relet

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 second 12FT x 14FT manual 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. Available for rent now. No outdoor storage is permitted.

• Date available: Now
• Lease term: 1 - 5 Years
• Service type: Modified Gross
• Space Type: Relet

Suite 3 is a total of 576 SQ FT (24 FT x 24 FT) of office space. The unit includes two private offices & two restrooms.

Rent is $11.46/SF/YR ($550.00/Month). Security Deposit of $550.00. Tenant is responsible for monthly rent, utilities (electricity, gas, sewer, water, garbage, internet, cable), and fire & liability coverage insurance. Water/Sewer is a flat $55/month. Electric/Gas is a flat $75/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. Available for lease starting March 1st, 2026 or later. 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.

• Date available: Now
• Lease term: 1 - 3 Years
• Service type: Plus All Utilities
• Space Type: Relet