Building Details

Building Size 9,200 SF

Year Built 1996

Stories 1

Listing Agency: RE/MAX PROPERTY SOURCE

Listed By: Tom Humpal · License #471009721 Show Phone

Source: Evrealestate

Added: Sep 23 Changed: Sep 30 Last Checked: Oct 4 at 9:22AM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX PROPERTY SOURCE

Investment Insights

Based on property information with market context.

Located at 101 Landmark Drive in Winnebago, Illinois, this drug store property was built in 1996 and includes central air. The site is zoned COMMR. Access directions lead from N Elida Street to Landmark Drive.

Key Highlights

• Central air
• Built in 1996
• COMMR zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$135,487

Cap Rate

7.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,709,740 $2.7M

Cap Rate 7%

$1,935,529 $1.9M

Cap Rate 9%

$1,505,411 $1.5M

Market Conditions

NOI Build-Up for 9,200 SF

Gross rent

$198.7K $21.60/SF

− Vacancy

−$5.2K −$0.56/SF

EGI

$193.6K $21.04/SF

− OpEx

−$58.1K −$6.31/SF

NOI

$135.5K $14.73/SF

Area

Winnebago County, IL

Vacancy

2.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,709,740

Cap Rate 7%

$1,935,529

Cap Rate 9%

$1,505,411

Alternative Uses

Best Use

Specialty Retail

$2.50M

$2.19M – $2.92M (±1% cap)

NOI $175,004 @ 7.0% cap · market cap 9.21%

Second Best

Retail

$1.94M

$1.69M – $2.26M (±1% cap)

NOI $135,487 @ 7.0% cap · market cap 7.13%

Theoretical Best

Office A

$2.51M

$2.19M – $2.93M (±1% cap)

NOI $175,536 @ 7.0% cap · market cap 9.24%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Winnebago Snyders Pharmacy Pharmacy Timothy Aulner Pharmacy

Suggested Use

Top Pick Real Estate Agency Building Supply Plumbing Service Grocery & Convenience Store Law Firm Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

115

Businesses Nearby

74k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 81% Shops & Services 15% Home Improvements & Furnishings 4%

McDonald's Dining

28,042 visits/mo 0.3 miles

Culver's Dining

19,011 visits/mo 0.2 miles

Taco Bell Dining

10,262 visits/mo 0.2 miles

Dollar General Shops & Services

5,885 visits/mo 0.1 miles

Family Dollar Shops & Services

3,607 visits/mo 0.1 miles

Demographics for 61088, IL

5,966

Population

2,371

Households

2.5

Avg Household Size

43

Median Age

29%

College-Educated

96%

High-School Grad

56.6 sq mi

ZIP Area

105

Density / Sq Mi

$94,286

Median Household Income

$52,662

Median Earnings

$979

Median Rent

$193,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this drug stores located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Winnebago Snyders Pharmacy — 101 Landmark Dr, Winnebago, IL 61088
• Timothy Aulner — 101 Landmark Dr, Winnebago, IL 610887702

Frequently Asked Questions

What type of property is this?

Drug store - The property has central air and COMMR zoning.

Where is this drug store located?

The property is located at 101 Landmark Drive Winnebago, IL.

What is the asking price?

The asking price for this property is $1,900,000.

What are key features of this property?

This property features: Central air; Built in 1996; COMMR zoning