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    High-Traffic Drive-Thru Investment Opportunity Title is generated by Realmo AI

    406 N Keller Dr, Effingham, IL 62401

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    NNN leased drive-thru property with high visibility on a highway.

    Type:Retail
    Property size:
    600 SF
    Price / SF:
    $2,083/SF
    Added:
    Feb 28, 2026
    Days on Market:
    73
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 406 N Keller Dr

    General Information

    Standard status
    Active
    Size
    600 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2022

    We can help!

    Listing Contact
    Nate Zimmer

    Listing agent Nate Zimmer License #IL 471018607

    Listing office Elite Realty

    Listing date Feb 28, 2026

    Source Crexi

    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 Elite Realty

    HighLights

    • Hands‑off NNN lease structure eliminates landlord responsibilities, providing passive income.
    • High‑traffic highway location ensures superior visibility and easy commuter access.
    • Tenant is The Human Bean, a leader in the specialty coffee industry.
    • Purpose‑built drive‑thru design.
    • Turnkey opportunity ideal for 1031 exchange investors.
    • Property built in 2022.

    Overview

    This is a retail asset featuring The Human Bean, operating under a NNN lease structure. The property is located on a high-traffic highway corridor, offering visibility and commuter access. The purpose-built drive-thru is suitable for investors seeking a stable, long-term asset. The property size is 600 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coffee shops

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Starbucks — 1700 Ave of Mid-America, Effingham, IL 62401
    • The Human Bean — 406 N Keller Dr, Effingham, IL 62401
    • The Human Bean-Effingham — 406 n keller dr, effingham, il 62401
    • Heartland Health Food — 1301 W Evergreen Ave STE 3A, Effingham, IL 62401

    Location Insight

    • Map
    • Local Demand
    City
    Effingham
    County
    Effingham
    State
    Illinois
    Longitude
    -88.5572217
    Latitude
    39.1256019

    Nearby Similar for Sale

    • $4,000,000
      20,965 SF

      Motel 6/Studio 6

      Motel 6/Studio 6 in Effingham, IL with strong revenue.
      1412 W Fayette Ave, Effingham, IL 62401
      View Details
    • $1,400,000
      10,240 SF

      Retail Space For Sale

      Retail space available for purchase.
      1306 Thelma Keller Ave, Effingham, IL 62401
      View Details

    FAQs

    What type of property is this?
    Coffee shop - NNN leased drive-thru property with high visibility on a highway.
    Where is this coffee shop located?
    The property is located at 406 N Keller Dr Effingham, IL.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Hands‑off NNN lease structure eliminates landlord responsibilities, providing passive income.; High‑traffic highway location ensures superior visibility and easy commuter access.; Tenant is The Human Bean, a leader in the specialty coffee industry.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nate Zimmer
    Real Estate License ID: IL 471018607
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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