Log In/Sign Up
Your email has been sent.
651 S Madison St 12,000 SF Retail Building Lebanon, IL 62254 $1,850,000 ($154.17/SF)
EXECUTIVE SUMMARY
Introducing a prime investment opportunity at 651 S. Madison Street, Lebanon, IL 62254 - the renowned Don's IGA Retail Facility. This 11,742 SF property sits on a sprawling 1.93-acre lot, boasting a modern build from 2020. Prominently located with 170’+ of frontage on S. Madison St., this property offers high visibility and a traffic count of 14,800 VPD on HWY 50 / IL Rte. 4. The site is zoned C-1 and benefits from being in a TIF District and Enterprise Zone within the Business District. Featuring a spacious layout with a large open area, warehouse space, 15’ ceilings, 3-phase electric, and a dual entrance foyer, this facility is perfect for retail or commercial use. Priced at $1,850,000 ($157.55 per SF), this property presents an exceptional opportunity for savvy investors. Don't miss out on making this prime retail property your next successful venture in Lebanon!
11,742 Square Ft. Facility on 1.93 +/- Acres
Year Built: 2020
15’ Ceiling Height
3-Phase Electric
Large Open Space (Most recent use: Supermarket)
Warehouse Space
10’ X 12’ Overhead Garage Door
Staff Restroom
Large Office
Dual Entrance Foyer
Highly Visible with 170’ +/- of Frontage on
S. Madison St. (HWY 50 / IL Rte. 4)
Traffic Count: 14,800 VPD on HWY 50 / IL Rte. 4
Zoned C-1
TIF District
Enterprise Zone
Business District
Parcel No. 05-19.0-337-028 & 05-19.0-337-020
SALE PRICE: $1,850,000 ($157.55 Per SF)
11,742 Square Ft. Facility on 1.93 +/- Acres
Year Built: 2020
15’ Ceiling Height
3-Phase Electric
Large Open Space (Most recent use: Supermarket)
Warehouse Space
10’ X 12’ Overhead Garage Door
Staff Restroom
Large Office
Dual Entrance Foyer
Highly Visible with 170’ +/- of Frontage on
S. Madison St. (HWY 50 / IL Rte. 4)
Traffic Count: 14,800 VPD on HWY 50 / IL Rte. 4
Zoned C-1
TIF District
Enterprise Zone
Business District
Parcel No. 05-19.0-337-028 & 05-19.0-337-020
SALE PRICE: $1,850,000 ($157.55 Per SF)
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
12,000 SF
Building Class
C
Year Built
2020
Price
$1,850,000
Price Per SF
$154.17
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.93 AC
Zoning
C-1 - See attachment for the many Permitted Uses in C-1.
Parking
55 Spaces (4.58 Spaces per 1,000 SF Leased)
Frontage
170’ on S Madison St. (IL Rte. 4)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $347,261 | |
| Land Assessment | $54,740 | Total Assessment | $402,001 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$54,740
Improvements Assessment
$347,261
Total Assessment
$402,001
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
651 S Madison St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.