Canton Retail Building For
For Sale
Contact for pricing
638 N Main St, Canton, IL
Retail building with long-term net lease in Canton, Illinois.
Property Size3,250 SF
Lot Size0.44 Acres
Price / SF$433.23
Days on Market580
Property Features for 638 N Main St
General Information
Standard status
Active
Size
3,250 SF
Lot size
0.44 Acres
Property subtype
RETAIL
Listing Agency:
Secure Net Lease - Dallas
(214) 915-8890
Listed By:
Russell Smith · License #587553
Source:
Moodyscre
Added: Jan 15, 2025
Changed: Jul 6
Last Checked: Aug 17 at 1:21PM
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 Secure Net Lease - Dallas
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Blooming Crazy Inc Flowers & More — 100 N Main St, Canton, IL 61520
- The Bloom Box — 15 White Ct, Canton, IL 61520
Frequently Asked Questions
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)
