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1801 N Market St 2,287 SF Retail Building Sparta, IL 62286 $199,000 ($87.01/SF)
Investment Highlights
- Highway frontage
- Traffic count of 2900 vehicles daily
- Large lot and parking lot
Executive Summary
This commercial property offers prime frontage on State Route 4, delivering exceptional visibility and steady car traffic that will showcase your business to thousands daily. Traffic studies indicate an average daily traffic count of approximately 2,900 vehicles.
Formerly operated as a successful restaurant, the interior is now completely vacant and ready for transformation, providing a blank canvas ideal for a wide range of uses including a restaurant or cafe, specialty retail, fitness or wellness studio, professional offices, or a gallery or event.
The open-concept layout features large display windows, excellent signage opportunities, large 1.89 acre lot and plenty of paved parking.
Whether you envision a thriving business or an innovative redevelopment, this versatile location offers unlimited potential to bring your vision to life. Don’t miss this opportunity—contact us today to schedule a tour and explore how this exceptional property can elevate your brand. Seller will entertain a possible lease option.
Formerly operated as a successful restaurant, the interior is now completely vacant and ready for transformation, providing a blank canvas ideal for a wide range of uses including a restaurant or cafe, specialty retail, fitness or wellness studio, professional offices, or a gallery or event.
The open-concept layout features large display windows, excellent signage opportunities, large 1.89 acre lot and plenty of paved parking.
Whether you envision a thriving business or an innovative redevelopment, this versatile location offers unlimited potential to bring your vision to life. Don’t miss this opportunity—contact us today to schedule a tour and explore how this exceptional property can elevate your brand. Seller will entertain a possible lease option.
Taxes & Operating Expenses (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2023) Click Here to Access
| 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 |
Property Facts
Sale Type
Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
2,287 SF
Building Class
C
Year Built
1980
Price
$199,000
Price Per SF
$87.01
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.86 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
42 Spaces (18.36 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 19-163-038-50 | Total Assessment | $108,825 (2024) |
| Land Assessment | $34,495 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $74,330 (2024) | Tax Year | 2023 Payable 2024 |
Property Taxes
Parcel Number
19-163-038-50
Land Assessment
$34,495 (2024)
Improvements Assessment
$74,330 (2024)
Total Assessment
$108,825 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023 Payable 2024
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1801 N Market St
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