Free-Standing Retail
For Sale
Contact for pricing
1111 Coyne Center Rd, Milan, IL 61264
Single-tenant freestanding Dollar General retail property offered for sale.
Property Size9,002 SF
Price / SF$143.28
Days on Market206
Property Features for 1111 Coyne Center Rd
General Information
Standard status
Active
Size
9,002 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$94,800
Building Details
Year Built
2016
Tenancy
Single
Listing Agency:
Elevate Net Lease
Listed By:
Rita Michil · License #6505433330
Source:
Crexi
Added: Apr 1
Changed: Oct 21
Last Checked: Oct 20 at 8:05PM
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 Elevate Net Lease
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a single-tenant, freestanding retail store currently operated as a Dollar General. The property is presented as a standalone investment opportunity with one tenant in place.
The address is 1111 Coyne Center Rd, Milan, IL 61264.
The address is 1111 Coyne Center Rd, Milan, IL 61264.
Key Highlights
- Single‑tenant, freestanding Dollar General retail property
- Built in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,874
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,117,480
$2.1M
Cap Rate 7%
$1,512,486
$1.5M
Cap Rate 9%
$1,176,378
$1.2M
Market Conditions
NOI Build-Up for 9,002 SF
Gross rent
$145.8K $16.20/SF
− Vacancy
−$4.7K −$0.52/SF
EGI
$141.2K $15.68/SF
− OpEx
−$35.3K −$3.92/SF
NOI
$105.9K $11.76/SF
Area
Rock Island County, IL
Vacancy
3.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,117,480
Cap Rate 7%
$1,512,486
Cap Rate 9%
$1,176,378
Alternative Uses
Best Use
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,874 @ 7.0% cap · market cap 8.21%
Second Best
Retail
$1.06M
$930.6K – $1.24M
NOI $74,445 @ 7.0% cap · market cap 5.77%
Theoretical Best
Healthcare Medical
$1.53M
$1.34M – $1.79M
NOI $107,316 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
5k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,072 visits/mo
0.1 miles
Demographics for 61264, IL
10,157
Population
4,978
Households
2
Avg Household Size
47
Median Age
23%
College-Educated
91%
High-School Grad
68.9 sq mi
ZIP Area
147
Density / Sq Mi
$78,285
Median Household Income
$50,389
Median Earnings
$832
Median Rent
$147,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Single-tenant freestanding Dollar General retail property offered for sale.
Where is this grocery and convenience store located?
The property is located at 1111 Coyne Center Rd Milan, IL.
What is the asking price?
The asking price for this property is $1,289,795.
What are key features of this property?
This property features: Single‑tenant, freestanding Dollar General retail property; Built in 2016
