Listing Agency: ParaSell Inc

Listed By: Scott Reid · License #C32060 Show Phone

Source: Crexi

Added: Apr 12 Changed: Sep 7 Last Checked: Sep 6 at 8:53PM

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Investment Insights

Based on property information with market context.

This neighborhood retail center is offered for sale and is currently 100% occupied. The property has also undergone recent upgrades, supporting continued day-to-day functionality for its tenants.

Located at 1320 N Michigan Ave in Marshall, Illinois, the center provides a straightforward option for buyers seeking a leased neighborhood retail asset in an operating condition.

Key Highlights

• Neighborhood retail center offered for sale at low $48/PSF
• Currently 100% occupied neighborhood retail center
• Recent upgrades to the property

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Storage Facility HVAC Service Furniture & Home Goods Gym & Fitness 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

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

86

Businesses Nearby

22k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 97% Electronics 3%

Casey's General Store Shops & Services

19,146 visits/mo 0.1 miles

Super Wash Shops & Services

1,471 visits/mo 0.1 miles

Owen Ford Shops & Services

1,089 visits/mo 0.0 miles

Verizon Electronics

758 visits/mo 0.2 miles

Demographics for 62441, IL

7,236

Population

3,290

Households

2.2

Avg Household Size

43

Median Age

29%

College-Educated

94%

High-School Grad

176.9 sq mi

ZIP Area

41

Density / Sq Mi

$80,218

Median Household Income

$47,561

Median Earnings

$855

Median Rent

$139,800

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

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Frequently Asked Questions

What type of property is this?

Shopping center - Neighborhood retail center offered for sale, currently 100% occupied with recent property upgrades.

Where is this shopping center located?

The property is located at 1320 N Michigan Ave Marshall, IL.

What are key features of this property?

This property features: Neighborhood retail center offered for sale at low $48/PSF; Currently 100% occupied neighborhood retail center; Recent upgrades to the property