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    1105 W Broadway Centralia, IL 62801

    For Lease
    Contact for pricing

    Revitalized shopping center with diverse tenant mix and ample parking.

    Property size:
    4,000 SF
    Lot size:
    35.27 Acres

    Property Features for 1105 W Broadway

    General Information

    Size
    4,000 SF
    Lot size
    35.27 Acres

    Source: Colliers | Chicago Rosemont Agent Peter Block

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

    Overview

    Dominant Shopping Center Retail Space

    Fairview Park Plaza is a 272,000 square foot shopping center located in Centralia, IL. The shopping center is anchored by a Schnucks Grocery Store. Additional tenants include Burke’s Outlet, Rent-A-Center, Firestone, Shoe Sensation, Maurices, Hibbett Sports, and Sonic Drive-In. A recent lease signing of New Ollie’s Bargain Outlet exemplifies the success of re-tenanting. Multiple units are available, ranging from small shop spaces to large anchor opportunities. Outparcel opportunities with high visibility are available along IL State Highway 161. The property has ample parking with nearly 2,000 spaces and strong traffic counts of approximately 12,850 vehicles per day. Centralia is strategically located in south-central Illinois, offering access to major transportation corridors including Interstates 57 & 64, U.S. Route 50, and three rail lines. It has proximity to St. Louis (approximately 60 miles), enhancing regional connectivity. Centralia has a diverse economy with strengths in manufacturing, healthcare, retail, and distribution. The city has a growing entrepreneurial culture and downtown revitalization attracting new investment and tourism. The City has an affordable living and a skilled workforce supported by institutions like Kaskaskia College. The available property offers 4,000 square feet of space and is located at 1105 W Broadway.
    Location Intelligence

    Current Use by Public Records

    Shopping malls

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Fairview Park Plaza, Centralia Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Centralia
    County
    Marion
    State
    Illinois
    Longitude
    -89.148794
    Latitude
    38.529542

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    FAQs

    What type of property is this?
    Shopping center - Revitalized shopping center with diverse tenant mix and ample parking.
    Where is this shopping center located?
    The property is located at 1105 W Broadway Centralia, IL.
    What are key features of this property?
    This property features: - Anchored by Schnucks Grocery Store, ensuring consistent foot traffic; - Diverse national and regional tenant mix including Ollie’s Bargain Outlet, Burke’s Outlet, and Hibbett Sports; - High visibility outparcel opportunities available along IL State Highway 161
    (312) 343-1800
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    1105 W Broadway Centralia, IL 62801
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    1105 W Broadway
    Centralia, IL 62801
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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
    1105 W Broadway Centralia, IL 62801
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