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Rabin Tire & Auto Service 709 S Commercial St 34,621 SF Retail Building Harrisburg, IL 62946 $3,220,000 ($93.01/SF) 6% Cap Rate
EXECUTIVE SUMMARY
Investment Highlights
Attractive Basis: $93/SF, significantly below replacement cost
Credit Legacy: Former Goodyear-backed tenancy (S&P: BB-)
Below Market Rent: $5.58/SF NNN provides defensible entry economics
Pro-Forma Yield: 6.00% achievable at market rents
Flexible Strategies: re-tenant with regional/national credit users; sell to an owner/user; redevelop or reposition
1031 Appeal: Ideal exchange size and structure
About DWG Capital Group: DWG Capital Group is a seasoned institutional advisory team with more than $2 billion in closed transactions and over 15,000 units executed nationwide. The firm has completed over 421 state-side closings, specializing in commercial, residential, development, debt, and equity advisory at an institutional standard.
The leadership team — Judd Dunning, Hugh Gehrke, and Mike Paytonjian — brings decades of national brokerage, private equity, and capital markets experience, with a foundation built under Newmark Capital Markets before launching DWG’s independent platform.
Market & Location
Strategic tri-state hub serving Illinois, Kentucky, and Indiana
Direct interstate and airport access
Carbondale–Marion market with rent growth, low vacancy, limited supply
Cost-competitive labor base supporting tenant operations
Tenant / Credit Profile – The Goodyear Tire & Rubber Company (S&P: BB-)
Q1 2025 Net Sales: $4.3 billion
Net Income: $115 million
Segment Operating Income: $195 million
Transformation Plan: $200 million in portfolio and efficiency benefits
Credit Rating: BB- (stable); Debt/EBITDA below 5x; free cash flow to debt 5%+
Global Footprint: 72,000 employees, 57 facilities in 23 countries, two innovation centers (Akron, OH and Luxembourg)
Market Rent & Comparable Positioning
Regional Flex/Industrial Average: $6.00–$7.50/SF NNN
Retail Corridor Benchmarks: $10.00–$15.00/SF NNN in Illinois secondary markets
In-Place Rent: $5.58/SF NNN – defensible entry with upside
PROPERTY FACTS
AMENITIES
- Signage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
DWG Capital Group is pleased to present a newly available industrial property for lease at 709 South Commercial Street, Harrisburg, Illinois. Formerly leased to Goodyear / Raben Tire, the ±34,621 SF facility is now available for occupancy, offering an excellent opportunity to secure a well-located, functional industrial space at a compelling lease rate. With a strong history of corporate credit tenancy, the property is ideal for distribution, service, or light manufacturing users seeking a strategic regional location.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 34,621 SF | Retail | - | Now |
1st Floor
| Size |
| 34,621 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 34,621 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
DWG Capital Group is pleased to present a newly available industrial property for lease at 709 South Commercial Street, Harrisburg, Illinois. Formerly leased to Goodyear / Raben Tire, the ±34,621 SF facility is now available for occupancy, offering an excellent opportunity to secure a well-located, functional industrial space at a compelling lease rate. With a strong history of corporate credit tenancy, the property is ideal for distribution, service, or light manufacturing users seeking a strategic regional location.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-2-503-04 | Improvements Assessment | $87,657 |
| Land Assessment | $19,299 | Total Assessment | $106,956 |
PROPERTY TAXES
CONTACTS
-
Judd Dunning -
Hugh Gehrke -
Mike Paytonjian -
DWG CAPITAL GROUP ( Formerly NGKF/ARA)
Presented by
Rabin Tire & Auto Service | 709 S Commercial St
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