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Shawnee Square 601 N Commercial St 84,174 SF 69% Leased Retail Building Harrisburg, IL 62946 $1,800,000 ($21.38/SF) 9.27% Cap Rate
Investment Highlights
- 28,320 square feet
- 69% Occupied
- 8,800 SF for Lease
- Kroger + Tractor Supply Shadow Anchored
- NNN Leases
- NOI of $166,871 (2025)
Executive Summary
Shawnee Square is a 28,320 square foot Kroger shadow-anchored retail center with 69% occupancy. The shopping center was extensively renovated in 2024 with a new TPO roof and modern new façade. Strategically positioned between two (2) high volume anchors, Kroger and Tractor Supply, Shawnee Square benefits from an excellent tenant mix, strong daily traffic and access to North Commercial Street, Harrisburg’s dominant retail corridor.
Arrowhead Point is a fully-vacant 44,000sf retail center on approximately 13.21 acres. The potential is enormous. Shadow anchored by a top performing Rural King, this site offers tremendous redevelopment potential at a land basis of $0.87 per square foot! With existing access, functional parking field, utility infrastructure and neighboring anchors – the ground up or renovation economics are highly attractive to a developer.
The Properties are being offered solely as a package for $2,300,000 ($31.80 PSF).
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Retailer
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Lorem Ipsum
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Jan 0000
Factory Connection specializes in providing the latest fashion apparel for customers in small to medium size markets. With stores in many states and growing rapidly, Factory Connection is a destination shopping experience for many of their customers. Factory Connection offers a wide selection of brand name fashions for Juniors, Misses, Plus, Men’s, Accessories, and shoes. Most locations also feature Home Décor. Buying from the industry’s leading fashion manufacturers allows Factory Connection to offer name brand and specialty store fashions at prices that are below regular retail. Because they ship new merchandise frequently – sometimes based on special limited-quantity purchases – their customers know the more they shop, the more they'll find! They provide the opportunity to find the latest fashions at the right price, offering a great shopping experience!
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Retailer | - | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-1-086-09 | Improvements Assessment | $140,769 |
| Land Assessment | $127,092 | Total Assessment | $267,861 |
Property Taxes
Presented by
Shawnee Square | 601 N Commercial St
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