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105 Il-71 Newark, IL 60541

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For Sale
$1,995,000

High-Cap Rate Retail Space in Newark, IL

Property size:
9,520 SF

Property Features for 105 Il-71

General Information

Property type
Retail properties
Square Feet
9,520 SF

Building Details

Year Built
2007

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Listing Contact
Brittany Zickus
Brittany Zickus

Listing Agency: EXP REALTY Listing Agent: Brittany Zickus

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

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.
Location Intelligence

Current Use by Public Records

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Restaurant Law Firm Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center 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

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.
More about this property
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