CVS Drug Store
For Sale
$1,052,000
501 West Center Street, Eureka, IL 61530
A 1994-built drug store property with a newly paved parking lot in Eureka, Illinois.
Property Size8,050 SF
Days on Market142
Property Features for 501 West Center Street
General Information
Standard status
Active
Size
8,050 SF
Property subtype
Commercial
Lease Term
±2.79 Years
Net Operating Income
$68,424
Building Details
Building Size
8,050 SF
Year Built
1994
Tenancy
Single
Listed By:
Brandon Doblie · License #847969 (TX)
(512) 234-3633
Source:
Matthews
Added: May 27
Changed: Oct 6
Last Checked: Oct 14 at 7:32PM
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 Brandon Doblie
Investment Insights
Based on property information with market context.
Situated at 501 West Center Street in Eureka, Illinois, this drug store property contains 8,050 square feet and was constructed in 1994. The site includes a newly paved parking lot, adding a recent physical improvement to the retail asset.
The property is identified with the CVS name and offers a recognizable drug-store format within the Eureka market. Its address and established building vintage provide clear reference points for evaluating the asset.
The property is identified with the CVS name and offers a recognizable drug-store format within the Eureka market. Its address and established building vintage provide clear reference points for evaluating the asset.
Key Highlights
- 8,050‑square‑foot drug store property
- Built in 1994
- Newly paved parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,359
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,927,180
$1.9M
Cap Rate 7%
$1,376,557
$1.4M
Cap Rate 9%
$1,070,656
$1.1M
Market Conditions
NOI Build-Up for 8,050 SF
Gross rent
$144.9K $18.00/SF
− Vacancy
−$7.2K −$0.90/SF
EGI
$137.7K $17.10/SF
− OpEx
−$41.3K −$5.13/SF
NOI
$96.4K $11.97/SF
Area
Woodford County, IL
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,927,180
Cap Rate 7%
$1,376,557
Cap Rate 9%
$1,070,656
Alternative Uses
Best Use
Specialty Retail
$1.47M
$1.29M – $1.72M
NOI $103,241 @ 7.0% cap · market cap 9.81%
Second Best
Retail
$1.38M
$1.20M – $1.61M
NOI $96,359 @ 7.0% cap · market cap 9.16%
Theoretical Best
Multifamily LT 5
$7.04M
$6.16M – $8.22M
NOI $492,944 @ 7.0% cap · market cap 46.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 61530, IL
6,698
Population
2,804
Households
2.4
Avg Household Size
38
Median Age
34%
College-Educated
97%
High-School Grad
63.7 sq mi
ZIP Area
105
Density / Sq Mi
$68,631
Median Household Income
$42,050
Median Earnings
$690
Median Rent
$166,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- CVS — 501 W Center St, Eureka, IL 61530
- CVS Pharmacy — 501 W Center St, Eureka, IL 61530
- Allison Strack — 501 W Center St, Eureka, IL 615301111
Frequently Asked Questions
What type of property is this?
Drug store - A 1994-built drug store property with a newly paved parking lot in Eureka, Illinois.
Where is this drug store located?
The property is located at 501 West Center Street Eureka, IL.
What is the asking price?
The asking price for this property is $1,052,000.
What are key features of this property?
This property features: 8,050‑square‑foot drug store property; Built in 1994; Newly paved parking lot
