Building Details

Year built 2007

Floors in Building 2

Number of units 1

Building materials Steel Siding

Roof type Metal

Listing Agency: eXp Realty i***@expreatly.net Show Phone

Listed By: Brittany Zickus · License #475197951 Show Phone

Added: May 6, 2024 Changed: Aug 4 Last Checked: Aug 19 at 11:06AM

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MLS# 12048739

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This single-tenant commercial property is classified under COMMR zoning and features a steel-sided building with a metal roof and central air conditioning. Constructed in 2007, the property is positioned for continued retail use under an NNN lease structure.

The site encompasses 1.7938 acres at 105 IL-71 in Newark, Illinois, with access from Route 71 and a location within walking distance of downtown Newark. The current owner is open to remaining in place and continuing operations or vacating for an owner/operator, providing two stated transition options for the next ownership structure. The property also carries a reported 7.16% cap rate.

Key Highlights

• Single‑tenant NNN lease structure
• 1.7938‑acre commercial site at 105 IL‑71
• COMMR zoning

Property Analytics

Property Profile

Current Use

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

Top Pick HVAC Service Electrical Service Furniture & Home Goods Grocery & Convenience Store Pharmacy Hair Salon

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

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

81

Businesses Nearby

5k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

4,538 visits/mo 0.2 miles

Demographics for 60541, IL

3,061

Population

1,189

Households

2.6

Avg Household Size

41

Median Age

27%

College-Educated

96%

High-School Grad

83.1 sq mi

ZIP Area

37

Density / Sq Mi

$119,063

Median Household Income

$50,441

Median Earnings

$1,547

Median Rent

$302,900

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

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Frequently Asked Questions

What type of property is this?

NNN property - Single-tenant commercial property with NNN lease structure and potential for continued owner operation.

Where is this nnn 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.

What are key features of this property?

This property features: Single‑tenant NNN lease structure; 1.7938‑acre commercial site at 105 IL‑71; COMMR zoning