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    320 S Adams St Manito, IL 61546

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    For Lease
    $8 SF/Yr ($7,018 /Mo)

    Freestanding retail property for sublease with ample parking.

    Property size:
    10,527 SF
    Lot size:
    0.48 Acres

    Property Features for 320 S Adams St

    General Information

    Size
    10,527 SF
    Lot size
    0.48 Acres

    Source: Coldwell Banker Commercial Devonshire Realty Agent Nick Ragle

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

    Overview

    Freestanding Retail Property For Sublease

    This freestanding retail property is available for sublease. Situated on almost an acre over two lots, the property provides ample parking. The lots were redeveloped, and a new building was constructed within the last 18 months. The current lease extends until July 31, 2032. The property features a triple net lease, under which the existing tenant is responsible for maintaining insurance, all maintenance, and property taxes in addition to the base rent. The tenant is willing to negotiate a modified gross lease structure with the subtenant. The property contains 10,527 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Manito
    County
    Mason
    State
    Illinois
    Longitude
    -89.780136
    Latitude
    40.427628

    FAQs

    What type of property is this?
    Retail space - Freestanding retail property for sublease with ample parking.
    Where is this retail space located?
    The property is located at 320 S Adams St Manito, IL.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - Freestanding retail property with ample parking.; - Recently redeveloped lots and new building construction (within the last 18 months).; - Existing lease extends until July 31, 2032.
    (217) 352-7712
    Request Owner's contact information
    320 S Adams St Manito, IL 61546
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    320 S Adams St
    Manito, IL 61546
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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
    320 S Adams St Manito, IL 61546
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