Listing Agency: Gorjian Acquistions

Listed By: Adam Etessami · License #NY 10401331102

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 31 at 7:14PM

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Investment Insights

Based on property information with market context.

Lee Wayne Plaza is a retail property offered for sale at 2317 E Lincolnway in Sterling, Illinois. The property comprises 43,414 square feet of retail space and carries a reported 14.00% capitalization rate.

Key Highlights

• 43,414 SF of retail space
• Reported 14.00% CAP rate
• Located at 2317 E Lincolnway, Sterling, IL 61081

Property Analytics

Property Profile

Current Use

Land Management Bureau Sustainability Organization Law Enforcement Department Police Department Cassens Health Insurance ... Insurance Agency Wildlife Department State Government Office Whoop Your Axe Adventure Sports

Suggested Use

Top Pick Auto Parts Store Electrical Service Restaurant Grocery & Convenience Store (Bike/Boat/Book/etc) Store 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.

Location Intelligence

Trade Area within ½ mile

54

Businesses Nearby

11k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Sterling Shops & Services

10,588 visits/mo 0.2 miles

Demographics for 61081, IL

21,064

Population

9,753

Households

2.2

Avg Household Size

43

Median Age

20%

College-Educated

91%

High-School Grad

124.4 sq mi

ZIP Area

169

Density / Sq Mi

$60,854

Median Household Income

$40,497

Median Earnings

$791

Median Rent

$121,000

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?

Retail space - Lee Wayne Plaza is a retail property in Sterling, Illinois.

Where is this retail space located?

The property is located at 2317 E Lincolnway Sterling, IL.

What are key features of this property?

This property features: 43,414 SF of retail space; Reported 14.00% CAP rate; Located at 2317 E Lincolnway, Sterling, IL 61081