Retail Opportunity on Illinois
For Sale
Contact for pricing
4001 Illinois 159, Smithton, IL
Retail property for sale on a major thoroughfare.
Property Size9,450 SF
Lot Size0.71 Acres
Price / SF$105.29
Days on Market484
Property Features for 4001 Illinois 159
General Information
Standard status
Active
Size
9,450 SF
Lot size
0.71 Acres
Property subtype
RETAIL
Listing Agency:
NAI DESCO
(314) 624-7686
Listed By:
Corbin P Cox
(314) 624-7686
Source:
Moodyscre
Added: Apr 24, 2025
Changed: Aug 8
Last Checked: Aug 20 at 1:43PM
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 NAI DESCO
Investment Insights
Based on property information with market context.
This 9,450 square foot retail property is located on State Route 159, a major north to south thoroughfare. The property is 92% occupied and presents a value-add opportunity to significantly increase net operating income by converting current modified gross leases to triple net leases upon lease expiration. The property is positioned as a potential 1031 exchange opportunity.
Key Highlights
- Value Add Opportunity - Significantly increase NOI by converting current modified gross leases to NNN leases upon lease expiration
- 92% Occupied
- Priced at $122.75 Per Square Foot
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
24k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 8%
Beauty & Spa 3%
Casey's General Store
Shops & Services
13,779 visits/mo
0.3 miles
Dollar General
Shops & Services
6,211 visits/mo
0.5 miles
SUBWAY
Dining
2,031 visits/mo
0.1 miles
Regions Bank
Shops & Services
1,324 visits/mo
0.3 miles
Lush
Beauty & Spa
747 visits/mo
0.1 miles
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Mr Candy Wrapper Gifts & Promotional Items — 119 Brevo St, Smithton, IL 62285
Frequently Asked Questions
What type of property is this?
Shopping center - Retail property for sale on a major thoroughfare.
Where is this shopping center located?
The property is located at 4001 Illinois 159 Smithton, IL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Value Add Opportunity - Significantly increase NOI by converting current modified gross leases to NNN leases upon lease expiration; 92% Occupied; Priced at $122.75 Per Square Foot
