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    638 N Main St Canton, IL

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    For Sale
    $1,408,000

    Retail building with long-term net lease in Canton, Illinois.

    Property size:
    3,250 SF
    Lot size:
    0.44 Acres

    Property Features for 638 N Main St

    General Information

    Size
    3,250 SF
    Lot size
    0.44 Acres

    Source: Secure Net Lease - Dallas Agent Russell Smith

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

    Overview

    Canton Retail Building For Sale

    This 3,250 square foot building, constructed in 1970 and renovated in 2013, is situated on a 1.12 acre site. The property features a 20-year net lease with four 5-year options to renew, and 10% rental increases every 5 years. It offers excellent site-level visibility with frontage along Main Street, which sees over 12,300 vehicles per day. The tenant, TriStar Ventures, operates 26 units throughout Illinois and Indiana, generating approximately $30,000,000 in revenue in 2023. The lease is guaranteed by LBE Holdings, which includes 64 units and had a total revenue of $87,000,000 in 2023. Located in Canton, Illinois, the property is 20 miles from Peoria, placing it within a multi-county region along the Illinois River. Canton has a population of 13,242.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    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

    Blooming Crazy Inc Flowers & More, The Bloom Box

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Fulton
    State
    Illinois
    Longitude
    -90.0351167
    Latitude
    40.5580945

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    FAQs

    What type of property is this?
    Storefront property - Retail building with long-term net lease in Canton, Illinois.
    Where is this storefront property located?
    The property is located at 638 N Main St Canton, IL.
    What is the asking price?
    The asking price for this property is $1,408,000.
    What are key features of this property?
    This property features: - 20-Year Net Lease with (4) 5-Year Options to Renew and 10% Rental Increases Every 5 Years; - Lease is Guaranteed by LBE Holdings, with 64 Units, and had Totaling $87,000,000 in 2023; - Excellent Site-Level Visibility – Property has Frontage Along Main Street (12,300+ VPD)
    (214) 522-7200
    Request Owner's contact information
    638 N Main St Canton, IL
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    Canton, IL
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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
    638 N Main St Canton, IL
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