Gas Station
401 Market St Ogden, IL 61859
New
For Sale
$5,754,826
For sale portfolio of four gas station and retail properties in Ogden, Illinois.
Property Size18,057 SF
Price / SF$318.70
Days on Market7
Property Features for 401 Market St
General Information
Standard status
Active
Size
18,057 SF
Property subtype
Auto Service - Gas-Conv
Listing Agency:
(630) 570-2183
Listed By:
Timothy Nichols · License #License(s): IL: 475.159619
(630) 570-2183
Source:
Marcusmillichap
Added: Jul 24
Changed: Jul 26
Last Checked: Jul 30 at 2:29AM
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 Timothy Nichols
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present the 4-Property Central Illinois GPM Portfolio, offered for sale. The portfolio includes four gas stations and related retail/commercial spaces, with a total property size of 18,057 square feet.
The properties are located at 401 Market St, Ogden, IL 61859. The public remarks note a 7.25% figure, but no additional performance or underwriting details were provided in the listing information.
This offering is presented as a multi-property portfolio, suitable for buyers seeking consolidated ownership across several gas station and commercial retail assets within the same portfolio.
The properties are located at 401 Market St, Ogden, IL 61859. The public remarks note a 7.25% figure, but no additional performance or underwriting details were provided in the listing information.
This offering is presented as a multi-property portfolio, suitable for buyers seeking consolidated ownership across several gas station and commercial retail assets within the same portfolio.
Key Highlights
- 4‑property gas station and retail portfolio in Ogden, Illinois
- Central Illinois GPM portfolio offered for sale
- Remarks include a 7.25% figure
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $288.2k | $15.96 |
| − Vacancy | −$16.1k | −$0.89 |
| EGI | $272.1k | $15.07 |
| − OpEx | −$68.0k | −$3.77 |
| NOI | $204.0k | $11.30 |
18,057 SF · lease $15.96/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.91M
$2.55M – $3.40M
NOI $204,038 @ 7.0% cap · market cap 3.55%
Second Best
Retail
$2.18M
$1.91M – $2.54M
NOI $152,665 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$3.76M
$3.29M – $4.38M
NOI $262,968 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Gas station - For sale portfolio of four gas station and retail properties in Ogden, Illinois.
Where is this gas station located?
The property is located at 401 Market St Ogden, IL.
What is the asking price?
The asking price for this property is $5,754,826.
What are key features of this property?
This property features: 4‑property gas station and retail portfolio in Ogden, Illinois; Central Illinois GPM portfolio offered for sale; Remarks include a 7.25% figure
