Listing Agency: KB Appraisals & Realty

Listed By: Kelly Butts Show Phone

Source: Exprealty

Added: Oct 14 Changed: Oct 16 Last Checked: Oct 16 at 2:13PM

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Investment Insights

Based on property information with market context.

A storefront suite is available for lease in downtown Effingham. The private space is not yet built out, allowing the interior to be configured for a future occupant. It has its own entrance and exit, with access to a shared waiting area and two bathrooms.

The common area measures about 300 square feet. The private area is described as about 400 feet.

Key Highlights

• Unbuilt interior can be configured for the incoming occupant
• Private space is described as about 400 feet
• Shared common area measures about 300sf and includes a waiting area and two bathrooms

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Bakery Building Supply (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

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

NNN (Triple Net)

Lease Type

$2.17 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

23

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 62401, IL

19,408

Population

8,688

Households

2.2

Avg Household Size

42

Median Age

29%

College-Educated

94%

High-School Grad

103.9 sq mi

ZIP Area

187

Density / Sq Mi

$76,098

Median Household Income

$43,051

Median Earnings

$722

Median Rent

$195,800

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

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Frequently Asked Questions

What type of property is this?

Storefront property - The suite has a private entrance and shares a waiting area and two bathrooms with neighboring space.

Where is this storefront property located?

The property is located at 201 N 4th St Effingham, IL.

What is the lease rate?

The lease rate is $845/Mo.

What are key features of this property?

This property features: Unbuilt interior can be configured for the incoming occupant; Private space is described as about 400 feet; Shared common area measures about 300sf and includes a waiting area and two bathrooms