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116 S Spaulding 9,014 SF Retail Building Spring Valley, IL 61362 $1,616,000 ($179.28/SF) 7.50% Cap Rate
Investment Highlights
- Built to Suit in 2010 and Recent Remodel in 2025
- Double Net Lease with Corporate Guarantee
- Over 21,906 Residents within Five Miles with Average Household Income of $75,756
- Parking Lot was Repaired and Sealcoated in May 2026
- Across from Spring Valley Supermarket
- Part of a Seven Location Dollar General Portfolio and Available for Sale Individually
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,014 SF
Building Class
C
Year Built
1945
Price
$1,616,000
Price Per SF
$179.28
Cap Rate
7.50%
NOI
$121,184
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.96 AC
Zoning
Light Ind
Parking
30 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
50’ on Spalding St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Nov 2030
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Nov 2030 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-34-436-016 | Improvements Assessment | $0 |
| Land Assessment | $4,018 | Total Assessment | $4,018 |
Property Taxes
Parcel Number
18-34-436-016
Land Assessment
$4,018
Improvements Assessment
$0
Total Assessment
$4,018
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