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Shopping Center with Flexible Retail Space

1219 E Cedar Street, New Baden, IL 62265

For Sale
New
$2,700,000

The 2024-built center includes an occupied suite and open-plan space for additional commercial use.

Property Size9,000 SF
Price / SF$300
Days on Market6

Property Features for 1219 E Cedar Street

General Information

Standard status Active
Size 9,000 SF
Property subtype Commercial

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $1,396

Building Details

Building Size 9,000 SF
Year Built 2024
Buildings 1
Stories 1
Tenancy Multi
Listing Agency: Strano & Associates
Listed By: Jay Kehrer · License #475166243
Source: 360primerealtygroup
Added: Nov 1 Last Checked: Nov 6 at 6:45PM

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 Strano & Associates

Rey
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Investment Insights

Based on property information with market context.

New Baden Center is a 9,000-square-foot shopping center built in 2024, with space configured for multiple retail tenants. Suite 2 is leased to State Farm Insurance, and other areas include open-plan space that can accommodate a larger business. The owner-builder is willing to customize spaces for tenants or purchasers.

A Village Hall, Police Department, and Emergency Services complex is being built across the street, with completion projected for summer 2026.

Key Highlights

  • 9,000 square feet of retail space
  • Built in 2024
  • Suite 2 is leased to State Farm Insurance

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Dental Office Building Supply Real Estate Agency Restaurant Pharmacy Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

134
Businesses Nearby
Balanced
Demand for This Use

Demographics for 62265, IL

4,446
Population
1,879
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
93%
High-School Grad
33.6 sq mi
ZIP Area
132
Density / Sq Mi
$88,097
Median Household Income
$50,896
Median Earnings
$1,158
Median Rent
$173,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Shopping center - The 2024-built center includes an occupied suite and open-plan space for additional commercial use.
Where is this shopping center located?
The property is located at 1219 E Cedar Street New Baden, IL.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 9,000 square feet of retail space; Built in 2024; Suite 2 is leased to State Farm Insurance
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