Single-Tenant NNN Retail
For Sale
$1,995,000
105 IL-71, Newark, IL 60541
Commercial Sale, Newark, IL
Property SizeContact for details
Lot Size1.79 Acres
Days on Market874
Property Features for 105 IL-71
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
COMMR
Directions
East bound Newark road. Left onto rte 71. Right into parking lot
Subdivision
Newark
Standard status
Active
APN
0706402005
Lot size
1.79 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
16308
Utilities
Cooling system
Central Air
Building Details
Year built
2007
Floors in Building
2
Number of units
1
Building materials
Steel Siding
Roof type
Metal
Listing Agency:
eXp Realty
(630) 669-6318
Listed By:
Brittany Zickus · License #475197951
(888) 574-9405
Added: May 6, 2024
Changed: Aug 19
Last Checked: Sep 26 at 8:06PM
MLS# 12048739
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This single-tenant NNN retail property occupies 1.7938 acres and was constructed in 2007. The building features steel siding, a metal roof, and central air conditioning. The existing lease structure and 7.16% cap rate provide a defined framework for a landlord, while the current owner is open to either continuing operations or vacating for a new owner/operator.
The property is located at 105 IL-71 in Newark, with access from Route 71 and a walkable connection to downtown Newark. COMMR zoning is in place. The owner’s flexibility regarding continued operation or vacancy supports two distinct transition paths for the next ownership group.
The property is located at 105 IL-71 in Newark, with access from Route 71 and a walkable connection to downtown Newark. COMMR zoning is in place. The owner’s flexibility regarding continued operation or vacancy supports two distinct transition paths for the next ownership group.
Key Highlights
- 7.16% cap rate on a single‑tenant NNN property
- 1.7938‑acre parcel at 105 IL‑71 in Newark
- Constructed in 2007 with steel siding and a metal roof
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 60541, IL
3,061
Population
1,189
Households
2.6
Avg Household Size
41
Median Age
27%
College-Educated
96%
High-School Grad
83.1 sq mi
ZIP Area
37
Density / Sq Mi
$119,063
Median Household Income
$50,441
Median Earnings
$1,547
Median Rent
$302,900
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Retail building with central air, metal roofing, and a single-tenant configuration.
Where is this nnn property located?
The property is located at 105 IL-71 Newark, IL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 7.16% cap rate on a single‑tenant NNN property; 1.7938‑acre parcel at 105 IL‑71 in Newark; Constructed in 2007 with steel siding and a metal roof
