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Grocery-Anchored Neighborhood Shopping Center 1275-1281 N 7th St 30,711 SF 100% Leased Retail Building Riverton, IL 62561 $1,700,000 ($55.35/SF) 7.06% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Core-Plus Grocery-Anchored Center
  • Strong, Service-Oriented Tenant Mix
  • Excellent Location in Springfield MSA
  • Value-Add 0.87 AC Pad Site
  • Proven Stable Occupancy
  • Attractive Demographics, Trade Area

EXECUTIVE SUMMARY

Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to present an exceptional opportunity to acquire a Core-Plus Grocery-Anchored Shopping Center – 30,711square-foot retail center with an adjacent 0.87-acre pad site (the “Property”) in Riverton, IL, part of the Springfield MSA. The Property features a diverse mix of long-term, service-oriented, and e-commerce–resistant tenants, many of whom have occupied their spaces for years— showcasing both strong tenant loyalty and lasting community appeal. Built in 1979, the center has consistently maintained high occupancy levels, providing investors with stable income, and the 0.87-acre pad site offers additional upside and is ready for development. The site could support a range of uses—such as multifamily housing, an office or retail building, or a quick service restaurant (QSR)—creating opportunities to further expand the Property’s revenue base and overall value. Ideally located near the heart of Riverton, the Property benefits from close proximity to key community amenities including residential neighborhoods, schools, and churches. It is easily accessible via North 7th Street, with convenient connections to state routes and Interstate 72. The Property serves a trade area of more than 23,000 residents within a five-mile radius, with an average household income of over $104,000.

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
30,711 SF
Building Class
B
Year Built
1979
Price
$1,700,000
Price Per SF
$55.35
Cap Rate
7.06%
NOI
$120,063
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
5.43 AC
Zoning
C-1 - Commercial District (Riverton)
Parking
77 Spaces (2.51 Spaces per 1,000 SF Leased)
Frontage
530’ on 7th St

AMENITIES

  • Atrium
  • Controlled Access
  • Property Manager on Site
  • Pylon Sign
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Our mission is to provide an unparalleled level of service with the highest level of care. We pride ourselves on offering caring, professional service to all our patients. Our pharmacists are always available to help you with all your healthcare needs. We strive to create a friendly atmosphere and hold our relationships with our patients in the highest regard. At Curry’s Family Pharmacy, we care about you and your family!

  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

The Independent Grocers Alliance (IGA) was founded in 1926 to bring family owned, local grocery stores together under the IGA brand. Nearly a century later, the support of a nationally known brand is still giving IGA grocers the ability to better compete, while at the same time, allowing them to stay true to who they are—hometown store owners in a position to meet the needs of their unique communities. Today, communities across the U.S. and Canada are being served by second, third and even fourth generation local IGA grocers.

  • Illinois National Bank
  • Finance and Insurance
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Riverton Fitness
  • Arts, Entertainment, and Recreation
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000
Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000
Illinois National Bank Finance and Insurance - $9.99 Lorem Ipsum Jan 0000
Riverton Fitness Arts, Entertainment, and Recreation 99,999 SF $9.99 Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15-04.0-476-012
Land Assessment
$59,059 (2024)
Improvements Assessment
$231,318 (2024)
Total Assessment
$290,377 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
  • Listing ID: 38474574

  • Date on Market: 11/17/2025

  • Last Updated:

  • Address: 1275-1281 N 7th St, Riverton, IL 62561

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