Listing Agency: Main Place Real Estate z***@mainplace.us Show Phone

Listed By: Zane Peterson · License #471020044 Show Phone

Source: Exprealty

Added: Aug 26, 2022 Changed: Aug 20 Last Checked: Aug 20 at 12:32PM

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Investment Insights

Based on property information with market context.

This retail space, formerly a financial institution, is located within the Fairview Park Plaza Shopping Center. The shopping center features a variety of dining options, including Pizza Hut, WingStop, and highly-rated Tex-Mex and Chinese restaurants. The lease rate is $12 per square foot on a NNN basis. This location is suited for retail or service-oriented businesses looking to benefit from the established customer traffic within the shopping center.

Key Highlights

• Lease rate of $12 per square foot NNN.
• Located in Fairview Park Plaza Shopping Center.
• Former financial institution.

Property Analytics

Property Profile

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Dental Office Kitchen & Bath Showroom Daycare Center

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

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

341

Businesses Nearby

69k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 40% Dining 25% Groceries 21% Apparel 8%

Hardee's Dining

9,800 visits/mo 0.4 miles

Circle K Shops & Services

8,672 visits/mo 0.5 miles

Save-A-Lot Groceries

8,051 visits/mo 0.4 miles

Dollar Tree Shops & Services

7,919 visits/mo 0.1 miles

Dollar General Shops & Services

7,183 visits/mo 0.1 miles

Demographics for 62522, IL

14,838

Population

7,215

Households

2.1

Avg Household Size

36

Median Age

26%

College-Educated

95%

High-School Grad

23.9 sq mi

ZIP Area

621

Density / Sq Mi

$51,689

Median Household Income

$36,551

Median Earnings

$783

Median Rent

$108,300

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Shopping mall - Former financial institution in established shopping center available for lease.

Where is this shopping mall located?

The property is located at 1365 W King St Decatur, IL.

What is the lease rate?

The lease rate is $1,900/Mo.

What are key features of this property?

This property features: Lease rate of $12 per square foot NNN.; Located in Fairview Park Plaza Shopping Center.; Former financial institution.