120 Walnut Ln, Colona, IL 61241

120 Walnut Lane is subdivided into six suites located just seven miles from I-280 and twelve miles off of I-80. This industrial building features 16-foot ceilings with 14-foot by 14-foot overhead doors. Each suite is equipped with overhead LED lighting and trench drains. 120 Walnut Lane added an additional 12 bays in 2023 to the backside of the property. This industrial facility offers a great opportunity to growing your business in Colona, IL.

Suite 2 is available beginning March 1st, 2026. This suite offers 5,220 SQFT (60 FT x 87 FT) of warehouse space. This unit includes one shop bathroom as well as 3 overhead doors. 4,200 SQFT (60 FT x 70 FT) of the unit is heated, while 1,020 SQFT (60 FT x 17 FT) is cold storage.

Rent is $2,750/month with a $2,750 security deposit. Tenant is responsible for monthly rent, utilities (water, sewer, garbage, electricity, gas, 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. Available now. No outdoor storage is permitted with Suite 2. Lessor does not warranty the wall mounted lights.

*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.