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    1219 E Cedar St New Baden, IL 62265

    View on Map
    Sponsored
    For Sale
    $2,700,000

    Retail - New Baden, IL

    Type:Retail
    Property size:
    9,000 SF
    Lot size:
    0.90 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 28 at 3:06 pm

    Property Features for 1219 E Cedar St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    11-10-18-254-022
    Parking
    35
    Size
    9,000 SF
    Lot size
    0.90 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air, Electric, ENERGY STAR Qualified Equipment

    Building Details

    Year built
    2024
    Architectural style
    Other

    We can help!

    Listing Contact
    Jay Kehrer

    Strano & Associates

    Listing agent Jay Kehrer License #475166243

    Listing date Mar 26, 2026

    MLS# 26003328 Listing URL

    Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    New Baden Retail Center Opportunity

    This new construction commercial retail center, known as the New Baden Center, offers approximately 9000 sq ft of space. The building is designed for up to seven retail spaces, with six spaces planned to be 1000 sq ft each. One of these spaces is currently rented to State Farm Insurance as suite #2. The remaining 3000 sq ft, suite #1, is designed by the builder/owner for a future specialized construction trade distribution center. If the property sells before suite #1 opens, the seller will consider not moving in if the new owners need the extra space. If the property sells after suite #1 opens, the current owner is willing to enter into a rental agreement for multiple years with the new owners. Suite #3 has space laid out for another 1000 sq ft unit, awaiting a new business. The remaining 4000 sq ft features an open layout for flexibility. This property is located in New Baden, IL, and sits on a 0.9-acre lot. The Village of New Baden is constructing a new Village Hall, Police Department, & Emergency Services complex across the street, which is projected to increase traffic once the project is completed in the Summer of 2026. The asking listing price is based on the projected costs of finishing out each unit by final sale, and may vary based on the types of businesses that move in. The seller/builder is open to customizing each space to fit the needs of renters and can finish spaces needed by a purchaser before closing. This property presents an opportunity to collect rents from the rest of the building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Baden
    County
    Clinton
    State
    Illinois
    Longitude
    -89.687134
    Latitude
    38.537581

    FAQs

    What type of property is this?
    Shopping center - New construction retail center with flexible space and rental income.
    Where is this shopping center located?
    The property is located at 1219 E Cedar St New Baden, IL.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - New construction commercial retail center built in 2024, offering immediate occupancy and income potential.; - Flexible layout with up to seven retail spaces, including one currently rented to State Farm Insurance.; - **Opportunity to occupy or lease a large 3000 sq ft space (Suite #1)**, with the current owner willing to lease back if needed.
    (618) 257-7690
    Request Owner's contact information
    1219 E Cedar St New Baden, IL 62265
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    New Baden, IL 62265
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1219 E Cedar St New Baden, IL 62265
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    We can help!
    Listing Contact
    Jay Kehrer
    Real Estate License ID: 475166243
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