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    105 Il-71 Newark, IL 60541

    Sponsored
    For Sale
    $1,995,000

    High-Cap Rate Retail Space in Newark, IL

    Property size:
    9,520 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 9,520 square foot retail property in Newark, Illinois, presents a compelling investment opportunity. Located on Route 71 with convenient proximity to the downtown area, this single-tenant building offers a strong 7.16% capitalization rate. Currently operating under a triple-net lease, the property is impeccably maintained and boasts a highly desirable location. The current owner is flexible and willing to either continue operating the business for a new landlord or vacate the premises to allow for an owner-operator to take over. This turnkey property is ideal for investors seeking a stable, high-return investment or owner-operators looking for an established business in a thriving market. The building's excellent condition and prime location ensure a strong potential for continued success and growth. The property's size and location make it an attractive option for a variety of retail businesses. This is a rare opportunity to acquire a well-established, high-performing retail property in a growing Illinois community. Serious inquiries are encouraged to schedule a viewing and explore this exceptional investment opportunity further. The asking price is $1,995,000. The property sits on a 0-acre lot.

    Property Features for 105 Il-71

    General Information

    Property type
    Retail properties
    Square Feet
    9,520 SF

    Building Details

    Year Built
    2007
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Law Firm Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Gym & Fitness Pharmacy Department Store HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Kendall
    State
    Illinois
    Longitude
    -88.58195
    Latitude
    41.53469

    Nearby Comparable

    • $1,995,000
      9,520 SF

      Martin Avenue Shops: Prime Retail Investment

      High-Cap Retail Center, Newark, IL
      105 Il-71, Newark, IL 60541
      View Details
    • $320,000
      0.69 Acres

      Mixed-Use Building in Downtown Newark

      Mixed-use property with retail space and two residential apartments.
      2-4 Front St, Newark, IL 60541
      View Details
    • $1,995,000
      1.79 Acres

      Retail Space in Growing Newark

      Massive retail space in prime location with solid cap rate.
      105 Il-71, Newark, IL 60541
      View Details

    Nearby Similar for Sale

    • $320,000
      0.69 Acres

      Mixed-Use Building in Downtown Newark

      Mixed-use property with retail space and two residential apartments.
      2-4 Front St, Newark, IL 60541
      View Details
    • $1,995,000
      1.79 Acres

      Retail Space in Growing Newark

      Massive retail space in prime location with solid cap rate.
      105 Il-71, Newark, IL 60541
      View Details
    • $1,995,000
      9,520 SF

      Martin Avenue Shops: Prime Retail Investment

      High-Cap Retail Center, Newark, IL
      105 Il-71, Newark, IL 60541
      View Details

    FAQs

    What type of property is this?
    Retail property - High-Cap Rate Retail Space in Newark, IL
    Where is this retail 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.
    (630) 669-6318
    Request Owner's contact information
    105 Il-71 Newark, IL 60541
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    Newark, IL 60541
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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
    105 Il-71 Newark, IL 60541
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