This Retail property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Retail For Sale, Highland, IL or Illinois

Woodcrest Plaza

1200 Mercantile Drive, Highland, IL 62249


23,960 SF | Retail

  • Print

Retail Property - Off Market

Building Size:
23,960 SF
Property Type:
Property Sub-type:
Retail (Other)
Additional Sub-types:
Office Building
Medical Office
Strip Center
Property Use Type:
Net Lease Investment with
4 years left on lease
Cap Rate:
Lot Size:
2.50 AC
Listing ID
Last Updated
over 1 year ago


Retail/ Office Investment Opportunity!
23,960 SF Strip Center with 3,900 SF KFC & Taco Bell Outlot Lease
Sale Price: $3,400,000
Cap Rate: 8.5%
The Seller has taken the center that had gross leases and has converted approximately 75% of the leases to triple net with the intention of converting all of the leases to triple net.
The Plaza has been well maintained as Seller manages from next door.

Located in Highland, IL.( Approximately 30 minutes East of St.Louis, MO)
Woodcrest Plaza is located along State Route 143 /Hwy 40 next to Aviston Lumber.

Map of 1200 Mercantile Drive, Highland, IL 62249 (Madison County)

Research for 1200 Mercantile Drive, Highland, IL 62249 (Madison County)

  • Demographics – Population, income & other demographics near 1200 Mercantile Drive
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

Similar Listings

900-906 Broadway, Highl... 900-906 Broadway, Highl...
  • Highland, IL
  • $640,000
  • 22,928 SF Bldg