Building Details

Year built 2024

Floors in Building 1

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

Listed By: Jay Kehrer · License #475166243 Show Phone

Added: Mar 27 Changed: Aug 19 Last Checked: Aug 20 at 6:06PM

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MLS# 26003328

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Investment Insights

Based on property information with market context.

New construction commercial retail center known as the New Baden Center, totaling roughly 9,000 square feet. The building is laid out for up to seven retail spaces, with six suites designed at approximately 1,000 square feet each. Suite #2 is currently leased to State Farm Insurance. The remaining portion includes Suite #1, designed by the builder/owner for a future specialized construction trade distribution center, plus additional space including a next 1,000-square-foot unit planned as Suite #3 and an open-layout area intended for flexibility for a larger business.

Located at 1219 E Cedar Street in New Baden, Illinois. The seller notes the Village of New Baden is building a new Village Hall, Police Department, and Emergency Services complex across the street, with construction expected to be completed in Summer 2026.

The seller/builder indicates the space can be customized to fit renter needs, with an option to finish a purchaser-required space prior to closing. Terms related to Suite #1 opening timing are noted in the remarks.

Key Highlights

• New construction commercial retail center built in 2024 with roughly 9,000 sq ft of space
• Laid out for up to seven retail spaces: six suites at 1,000 sq ft each plus additional flexible space
• Suite #2 (1,000 sq ft) is currently rented to State Farm Insurance

Property Analytics

Property Profile

Current Use

Strip malls

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

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

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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Frequently Asked Questions

What type of property is this?

Strip mall - New construction retail center laid out for up to seven suites, including a currently leased space for State Farm Insurance.

Where is this strip mall 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: New construction commercial retail center built in 2024 with roughly 9,000 sq ft of space; Laid out for up to seven retail spaces: six suites at 1,000 sq ft each plus additional flexible space; Suite #2 (1,000 sq ft) is currently rented to State Farm Insurance