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    2083 Keokuk St Hamilton, IL 62341

    Sponsored
    For Sale
    $1,225,000

    NNN Lease, High-Traffic Location, Strong Tenant

    Property size:
    9,100 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional retail investment property, located at 2083 Keokuk Street in Hamilton, Illinois, presents a compelling opportunity for discerning investors. The 9,100 square foot building is currently under an absolute NNN lease, eliminating all landlord responsibilities. The lease boasts a significant remaining term of 6.5 years, with three 5-year options to extend. Each renewal option includes a 10% increase in the rental rate, providing built-in growth potential. The property benefits from a prime location on a main thoroughfare, experiencing an average annual daily traffic count of 4,050 vehicles on US Highway 136. The surrounding demographics are strong, with a three-mile household income averaging $64,000 and a population of 38,700 within a ten-mile radius. Further enhancing the investment's security is the corporate guaranty provided by a BBB investment-grade tenant. This turnkey investment offers a stable income stream with significant long-term upside, making it an ideal addition to any portfolio. The property sits on a 0-acre lot and is classified as retail space. The asking price for this exceptional opportunity is $1,225,000.

    Property Features for 2083 Keokuk St

    General Information

    Property type
    Retail properties
    Square Feet
    9,100 SF

    Building Details

    Year Built
    2010
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store Western Union Money Transfer Service Redbox Movie Rental Kiosk

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Hancock
    State
    Illinois
    Longitude
    -91.32549
    Latitude
    40.39673

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    FAQs

    What type of property is this?
    Retail property - NNN Lease, High-Traffic Location, Strong Tenant
    Where is this retail property located?
    The property is located at 2083 Keokuk St Hamilton, IL.
    What is the asking price?
    The asking price for this property is $1,225,000.
    (217) 351-1988
    Request Owner's contact information
    2083 Keokuk St Hamilton, IL 62341
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    Hamilton, IL 62341
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    Realmo Value Estimation

    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.

    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.

    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
    2083 Keokuk St Hamilton, IL 62341
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