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$1 Auction-Fmr Family Dollar Tree 320 S Adams St 10,590 SF Retail Building Manito, IL 61546 $105,000 ($9.92/SF)
INVESTMENT HIGHLIGHTS
- ABSOLUTE $1 AUCTION | Former Family Dollar & Dollar Tree | 2022 Built | Peoria MSA | AUCTION DECEMBER 8-10
- Built in 2022; Former Family Dollar & Dollar Tree Combo Store with Open Floor, Rear Storage Room, and Side Door for Deliveries
- Strategic Frontage and Visibility on S Adams Street | 26-mi from Peoria, IL
- 10,590 SF Freestanding Value-Add Retail on 0.96 Acres Available at Substantial Discount Below Replacement Cost
- Surrounding Traffic Generators: Dollar General, Subway, Manito Pharmacy, and more
- Attractive Demographics with Population of ±10,149 and Annual Household Income of ±$75,407 (10-mile radius)
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 320 S Adams Street, Manito, Mason County, Illinois 61546 (the “Property”). Formerly occupied by Family Dollar-Dollar Tree, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to acquire a highly visible, strategically positioned asset at a compelling basis. FIRST BID MEETS RESERVE!
Built in 2022, the Property consists of a ±10,590-square-foot, single-story free-standing retail building situated on ±41,979 square feet (±0.96 acres) with a concrete surface parking lot with 37 spaces. The site is strategically positioned with ±264 feet of frontage along S Adams Street ensuring accessibility. Previously operated as a dual-store format, the Property was leased to Family Dollar-Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating retail rents of $7–$8/SF NNN. Zoned C (Commercial District), the Property accommodates a wide range of commercial uses, enhancing its appeal to both a diverse variety of end-users and investors alike.
Manito, Illinois is a village in northern Mason County (approximately 30?minutes south of Peoria) that offers commercial real-estate developers a cost-effective entry point into central Illinois. The area is agriculturally rich—with center-pivot irrigation drawing from the Mahomet-Teays aquifer - and supports regional demand for farm services, equipment suppliers, and convenience retail. Surrounding traffic generators include Dollar General, Subway, Manito Pharmacy, along with local restaurants, service providers, and civic institutions that generate consistent daily traffic. With over 10,149 residents and an average household income of ±$75,407 within a 10-mile radius, the area sustains reliable demand for retail, restaurant, and professional service users.
Built in 2022, the Property consists of a ±10,590-square-foot, single-story free-standing retail building situated on ±41,979 square feet (±0.96 acres) with a concrete surface parking lot with 37 spaces. The site is strategically positioned with ±264 feet of frontage along S Adams Street ensuring accessibility. Previously operated as a dual-store format, the Property was leased to Family Dollar-Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating retail rents of $7–$8/SF NNN. Zoned C (Commercial District), the Property accommodates a wide range of commercial uses, enhancing its appeal to both a diverse variety of end-users and investors alike.
Manito, Illinois is a village in northern Mason County (approximately 30?minutes south of Peoria) that offers commercial real-estate developers a cost-effective entry point into central Illinois. The area is agriculturally rich—with center-pivot irrigation drawing from the Mahomet-Teays aquifer - and supports regional demand for farm services, equipment suppliers, and convenience retail. Surrounding traffic generators include Dollar General, Subway, Manito Pharmacy, along with local restaurants, service providers, and civic institutions that generate consistent daily traffic. With over 10,149 residents and an average household income of ±$75,407 within a 10-mile radius, the area sustains reliable demand for retail, restaurant, and professional service users.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,590 SF
Building Class
C
Year Built
2022
Price
$105,000
Price Per SF
$9.92
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.96 AC
Zoning
C - Commercial
Parking
37 Spaces (3.49 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 03-21-310-005 | Improvements Assessment | $203,679 |
| Land Assessment | $7,034 | Total Assessment | $210,713 |
PROPERTY TAXES
Parcel Number
03-21-310-005
Land Assessment
$7,034
Improvements Assessment
$203,679
Total Assessment
$210,713
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$1 Auction-Fmr Family Dollar Tree | 320 S Adams St
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