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1801 S West Ave 46,234 SF 100% Leased Retail Building Freeport, IL 61032 $1,800,000 ($38.93/SF) 4.14% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Prime Location!
  • Fully Buil-Out Retail Strip!

EXECUTIVE SUMMARY

Multi-tenant neighborhood strip center available in Freeport, IL. Southgate Market fronts IL Route 26 with a traffic count of 12,3 vehicles per day. Property is zoned C-3. Co-tenants are Dollar Tree, King's Bar & Grill, China Buffet, and Smoke Oasis. Neighboring users include Dunkin', Arby's, Taco Bell, Burger King, Applebee's, Anytime Fitness, Marshalls, Maurice's, and Blain's Farm & Fleet

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Storefront
Building Size
46,234 SF
Building Class
C
Year Built
1977
Price
$1,800,000
Price Per SF
$38.93
Cap Rate
4.14%
NOI
$74,522
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
3.36 AC
Zoning
C-3 - Commercial
Parking
275 Spaces (5.95 Spaces per 1,000 SF Leased)

AMENITIES

  • Pylon Sign
  • Signage

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1797 B
  • 1,000 SF
  • Retail
  • In-Line
  • 30 Days

Multi-tenant neighborhood strip center available in Freeport, IL. Southgate Market fronts IL Route 26 with a traffic count of 12,300 vehicles per day. Property is zoned C-3. Co-tenants are Dollar Tree, King's Bar & Grill, China Buffet, and Smoke Oasis. Neighboring users include Dunkin', Arby's, Taco Bell, Burger King, Applebee's, Anytime Fitness, Marshalls, Maurice's, and Blain's Farm & Fleet.

  • 1801
  • 5,000-16,380 SF
  • Retail
  • In-Line
  • 30 Days

Amazing retail lease space available in a high-traffic retail strip ready for new tenants! This space is in a prime location with tons of other strong local tenants! Lease rate for this space is between $6.00 and $14.00 SF depending on desired space amount!

  • 1803
  • 2,800 SF
  • Retail
  • In-Line
  • 30 Days

Amazing retail lease space available in a high-traffic retail strip ready for new tenants! This space is in a prime location with tons of other strong local tenants!

Space Size Space Use Position Available
1797 B 1,000 SF Retail In-Line 30 Days
1801 5,000-16,380 SF Retail In-Line 30 Days
1803 2,800 SF Retail In-Line 30 Days

1797 B

Size
1,000 SF
Space Use
Retail
Position
In-Line
Available
30 Days

1801

Size
5,000-16,380 SF
Space Use
Retail
Position
In-Line
Available
30 Days

1803

Size
2,800 SF
Space Use
Retail
Position
In-Line
Available
30 Days

1797 B

Size 1,000 SF
Space Use Retail
Position In-Line
Available 30 Days

Multi-tenant neighborhood strip center available in Freeport, IL. Southgate Market fronts IL Route 26 with a traffic count of 12,300 vehicles per day. Property is zoned C-3. Co-tenants are Dollar Tree, King's Bar & Grill, China Buffet, and Smoke Oasis. Neighboring users include Dunkin', Arby's, Taco Bell, Burger King, Applebee's, Anytime Fitness, Marshalls, Maurice's, and Blain's Farm & Fleet.

1801

Size 5,000-16,380 SF
Space Use Retail
Position In-Line
Available 30 Days

Amazing retail lease space available in a high-traffic retail strip ready for new tenants! This space is in a prime location with tons of other strong local tenants! Lease rate for this space is between $6.00 and $14.00 SF depending on desired space amount!

1803

Size 2,800 SF
Space Use Retail
Position In-Line
Available 30 Days

Amazing retail lease space available in a high-traffic retail strip ready for new tenants! This space is in a prime location with tons of other strong local tenants!

NEARBY MAJOR RETAILERS

Anytime Fitness
Starbucks
Midland States Bank
U.S. Bank
Applebee's
Fifth Third Bank
Cub Foods
Workout Anytime

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18-19-06-300-113
Land Assessment
$148,903
Improvements Assessment
$417,004
Total Assessment
$565,907
  • Listing ID: 34221747

  • Date on Market: 12/17/2024

  • Last Updated:

  • Address: 1801 S West Ave, Freeport, IL 61032

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