Updated C-Store & EV
For Sale
Contact for pricing
1615 4th St, Fulton, IL 61252
2,038 SF convenience store with EV charging infrastructure.
Property Size2,038 SF
Price / SF$257.61
Days on Market179
Property Features for 1615 4th St
General Information
Standard status
Active
Size
2,038 SF
Property subtype
Retail
Investment Type
Owner/User
Listing Agency:
Coldwell Banker Commercial Howes & Jefferies
Listed By:
Matthew Brisch · License #IA
Source:
Crexi
Added: Feb 13
Changed: Aug 8
Last Checked: Aug 8 at 12:35PM
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 Coldwell Banker Commercial Howes & Jefferies
Investment Insights
Based on property information with market context.
This updated 2,038 SF convenience store is positioned at the gateway between Iowa and Illinois. The property is located near the Fulton Marina, the Mississippi River bridge, and just north of US Highway 30, capturing high-volume local traffic and regional travelers moving between Fulton, IL and Clinton, IA. It features dual Level 3 DC Fast Chargers, with the capacity to upgrade to 240kW each as demand scales. A new 500kVA transformer and dedicated ComEd service with a separate meter ensure the site can handle massive power draws. New concrete charging stalls, a retrofitted canopy, and a modern pricing sign provide a professional experience. Inside, the footprint is optimized for maximum per-customer spend, featuring a high-capacity, walk-in beverage cooler, and a full commercial kitchen equipped with coolers and prep space, suitable for hot food programs, deli service, or pizza. The sale includes the transition of Liquor, Tobacco, and Lottery licenses. Its location makes it a primary stop for boaters and campers heading to the Mississippi River, while the cross-river proximity to Clinton, IA, and US Highway 30 ensures a steady stream of interstate commuters.
Key Highlights
- Benefit from Dual Level 3 DC Fast Chargers, upgradeable to 240kW.
- Strategic Location** near the Fulton Marina, Mississippi River bridge, and US Highway 30.
- Turnkey Retail with coveted Liquor, Tobacco, and Lottery licenses.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,688
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$533,760
$533.8K
Cap Rate 7%
$381,257
$381.3K
Cap Rate 9%
$296,533
$296.5K
Market Conditions
NOI Build-Up for 2,038 SF
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.
Gross rent
$36.7K $18.00/SF
− Vacancy
−$1.1K −$0.54/SF
EGI
$35.6K $17.46/SF
− OpEx
−$8.9K −$4.37/SF
NOI
$26.7K $13.10/SF
Area
Whiteside County, IL
Vacancy
3.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$533,760
Cap Rate 7%
$381,257
Cap Rate 9%
$296,533
Alternative Uses
Best Use
Specialty Retail
$381.3K
$333.6K – $444.8K
NOI $26,688 @ 7.0% cap · market cap 5.08%
Second Best
Retail
$242.1K
$211.9K – $282.5K
NOI $16,948 @ 7.0% cap · market cap 3.23%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61252, IL
5,436
Population
2,772
Households
2
Avg Household Size
45
Median Age
19%
College-Educated
89%
High-School Grad
58.7 sq mi
ZIP Area
93
Density / Sq Mi
$62,202
Median Household Income
$40,943
Median Earnings
$946
Median Rent
$143,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - 2,038 SF convenience store with EV charging infrastructure.
Where is this grocery and convenience store located?
The property is located at 1615 4th St Fulton, IL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Benefit from **Dual Level 3 DC Fast Chargers**, upgradeable to 240kW.; Strategic Location** near the Fulton Marina, Mississippi River bridge, and US Highway 30.; Turnkey Retail with coveted Liquor, Tobacco, and Lottery licenses.
