Two-Tenant Retail Center and
18 Corvette Dr Litchfield, IL 62056
For Sale
Contact for pricing
Pending
Midtowne Plaza offers a leased two-tenant retail center and a separate NNN restaurant building along I-55.
Property Size11,225 SF
Days on Market109
Property Features for 18 Corvette Dr
General Information
Standard status
Pending
Size
11,225 SF
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Indianapolis
(317) 218-5329
Listed By:
Nathan Whalen · License #IN AB21402364
Source:
Crexi
Added: Apr 11
Changed: Jul 22
Last Checked: Jul 27 at 3:56PM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
Midtowne Plaza in Litchfield, IL comprises a 5,500-square-foot, two-tenant retail center and a separate, single-tenant stand-alone 5,725-square-foot restaurant property. The two-tenant retail center was built in 2018 and is currently leased to Litchfield Urgent Care and World Finance. The stand-alone restaurant building was built in 2017 and is leased to Los Rancheros.
The properties are located along I-55, which the listing notes carries more than 27,000 vehicles per day, connecting Litchfield to Springfield and St. Louis. The listing also notes County Road 1200 N sees nearly 12,000 vehicles per day, with nearby retail drivers including Walmart Supercenter and several other established brands.
Litchfield Urgent Care signed an original 7-year NNN lease expiring in October 2025, with an additional 7-year option noted in the remarks. World Finance signed an original 5-year gross lease expiring in 2024, with a 3-year option. Los Rancheros signed an original 12-year NNN lease in 2017 that expires in 2029, and the listing describes 3% biannual rent increases plus two additional 5-year options.
The properties are located along I-55, which the listing notes carries more than 27,000 vehicles per day, connecting Litchfield to Springfield and St. Louis. The listing also notes County Road 1200 N sees nearly 12,000 vehicles per day, with nearby retail drivers including Walmart Supercenter and several other established brands.
Litchfield Urgent Care signed an original 7-year NNN lease expiring in October 2025, with an additional 7-year option noted in the remarks. World Finance signed an original 5-year gross lease expiring in 2024, with a 3-year option. Los Rancheros signed an original 12-year NNN lease in 2017 that expires in 2029, and the listing describes 3% biannual rent increases plus two additional 5-year options.
Key Highlights
- 5,500 SF two‑tenant retail center with tenants Litchfield Urgent Care and World Finance; built in 2018
- Single‑tenant, stand‑alone 5,725 SF restaurant building leased to Los Rancheros; built in 2017
- Litchfield Urgent Care signed an original 7‑year NNN lease expiring October 2025 with a 7‑year option and 3% annual rent bump
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- The Overstock Shop 2.0 — 817 W Union Ave, Litchfield, IL 62056
- Litchfield Plaza — 1 Litchfield Plaza, Litchfield, IL 62056
Frequently Asked Questions
What type of property is this?
Shopping center - Midtowne Plaza offers a leased two-tenant retail center and a separate NNN restaurant building along I-55.
Where is this shopping center located?
The property is located at 18 Corvette Dr Litchfield, IL.
What are key features of this property?
This property features: 5,500 SF two‑tenant retail center with tenants Litchfield Urgent Care and World Finance; built in 2018; Single‑tenant, stand‑alone 5,725 SF restaurant building leased to Los Rancheros; built in 2017; Litchfield Urgent Care signed an original 7‑year NNN lease expiring October 2025 with a 7‑year option and 3% annual rent bump
