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    501-535 St NW Olney, IL

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    For Lease
    Contact for pricing

    Retail spaces available in Ruler Foods and Glik’s anchored site.

    Property size:
    12,003 SF
    Lot size:
    12.17 Acres

    Property Features for 501-535 St NW

    General Information

    Size
    12,003 SF
    Lot size
    12.17 Acres

    Source: L3 Corporation Agent Rick Spector

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

    Overview

    Retail Space in Olney, Illinois

    This retail property is anchored by Ruler Foods and Glik’s, and shadow-anchored by Rural King. Available spaces include junior anchor, outlot, and small shop spaces. An outlot space of approximately 1,436 square feet (+/- 0.5 acres) is available for lease at 501-535 NW St, Olney, IL.
    Location Intelligence

    Current Use by Public Records

    Retail space

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    Map

    City
    Olney
    County
    Richland
    State
    Illinois
    Longitude
    -88.0853154
    Latitude
    38.7308811

    Nearby Similar for Lease

    • Contact for pricing
      6,000 SF

      Olney Retail Space - 6,000 SF

      Prime retail space, 6,000 sq ft, ample parking.
      912 Main St, Olney, IL 62450
      View Details
    • Contact for pricing
      1,436 SF

      Retail Space in Olney, Illinois

      Retail spaces available at Ruler Foods and Glik's anchored site.
      537 N St West, Olney, IL
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces available in Ruler Foods and Glik’s anchored site.
    Where is this shopping center located?
    The property is located at 501-535 St NW Olney, IL.
    What are key features of this property?
    This property features: - Ruler Foods and Glik’s Anchored Site; - Shadow Anchored By Rural King; - Jr. Anchor Space Available
    (314) 469-7400
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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
    501-535 St NW Olney, IL
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