207 E Church St 14,186 SF 100% Leased Retail Building Sandwich, IL 60548 $1,499,950 ($105.73/SF) 8.25% Cap Rate

207 E Church Street presents an opportunity to acquire a fully leased, income-producing mixed-use commercial property along highly visible Route 34 in Sandwich, Illinois. Built in 2006, the multi-tenant building accommodates a complementary mix of office, professional service, financial, counseling, retail and event-related uses.
The property features multiple tenant suites across two floors, plus a finished lower level used for storage and business operations. Current tenants include Centennial Counseling Center, Chic Boutique, VMR Consulting, Edward Jones and Family Focused Financial. Lease expirations are staggered from May 2027 through July 2031, providing diversified income and reduced near-term rollover exposure.
The building has benefited from significant recent capital improvements. The roof was replaced in 2020, nearly all water heaters have been replaced and all HVAC units were installed or replaced within approximately the last five to seven years. Additional improvements include new windows, a renovated building entrance completed in 2021 and a complete buildout and renovation of the second floor within the last four years. These improvements may help reduce near-term capital requirements for a new owner.
The property generates annual rental income of $171,973, plus $5,775 in CAM reimbursements, resulting in effective gross income of $177,748. Annual operating expenses total approximately $54,061, producing net operating income of approximately $123,687. The expense ratio is approximately 30.4%, with an NOI margin of approximately 69.6%.
Situated on approximately 0.57 acres, the property offers central air conditioning, gas-forced-air heating, exterior signage opportunities and on-site parking. Its flexible floor plans can accommodate professional office, medical, financial services, retail, showroom, boutique, studio and other commercial uses.
The property benefits from a prominent Route 34 location near downtown Sandwich, City Hall, Veterans Park, banking, restaurants and other community amenities. This location provides convenient access and visibility along one of Sandwich’s primary commercial corridors.
207 E Church Street offers investors an established tenant roster, multiple income streams, staggered lease expirations, recent capital improvements and a versatile commercial building with long-term investment potential.