Building Details

Year built 2024

Floors in Building 1

Roof type Flat

Listing Agency: Strano & Associates s***@strano.com Show Phone

Listed By: Jay Kehrer · License #475166243 Show Phone

Added: Jul 11 Changed: Oct 1 Last Checked: Oct 5 at 2:06PM

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MLS# 24057212

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Investment Insights

Based on property information with market context.

Built in 2024, this retail shopping center offers 1,000-square-foot suites that can be adapted to individual business requirements. Multiple adjacent spaces may be combined for users needing a larger footprint, while available suites include a rough-framed space and additional open units. The center already includes State Farm Insurance and a trade contractor business, creating an established tenant presence within the property.

The center occupies a 0.9-acre site at a corner location on East Cedar Street in New Baden. Public water and public sewer serve the property, with central air conditioning and forced-air heating supported by electric and natural gas systems. Cable is available, and the building has a flat roof.

Key Highlights

• 1,000‑square‑foot retail suites available for individual occupancy or combination
• Multiple open units can be combined into larger commercial spaces
• Suites may be customized to accommodate different business layouts

Property Analytics

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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

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

134

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

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

Market

Lease Benchmarks for New Baden, IL

$24 /SF/Yr

Avg Asking Price

$24–$24 /SF/Yr

Price Range

1,000 SF

Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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What type of property is this? Where is this shopping centers located? What is the lease rate? Find similar properties What are key features of this property?

Similar For Rent Nearby

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5-1219 E Cedar St, New Baden, IL 62265

$2,000/Mo

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Retail Center with Flexible Suites

4-1219 E Cedar St, New Baden, IL 62265

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Frequently Asked Questions

What type of property is this?

Shopping center - Flexible retail suites offer customizable layouts for a range of commercial businesses and service providers.

Where is this shopping center located?

The property is located at 1219 E Cedar Street New Baden, IL.

What is the lease rate?

The lease rate is $2,000/Mo.

What are key features of this property?

This property features: 1,000‑square‑foot retail suites available for individual occupancy or combination; Multiple open units can be combined into larger commercial spaces; Suites may be customized to accommodate different business layouts