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NNN Property With Concrete Parking Lot
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505 N Route 49, Casey, IL 62420

Long-term net leasing and a concrete parking lot support a low-maintenance commercial asset.

Property Size16,240 SF
Price / SF$67.73
Days on Market7

Property Features for 505 N Route 49

General Information

Standard status Active
Size 16,240 SF
Property subtype RETAIL
Listing Agency: Northmarq | Chicago (East Wacker Dr)
Listed By: Blaise Bennett · License #471019332
Source: Moodyscre
Added: Aug 5 Changed: Aug 9 Last Checked: Aug 10 at 11:15AM

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 Northmarq | Chicago (East Wacker Dr)

Investment Insights

Based on property information with market context.

This 16,240-square-foot NNN property is supported by a concrete parking lot, providing a durable on-site improvement for the asset. The lease structure is net and includes escalations over the term.

The property is located at 505 N Route 49 in Casey, Illinois, near local schools. The offering combines a defined commercial footprint with a long-term lease framework and an existing paved parking improvement.

Key Highlights

  • 16,240 square feet of commercial property
  • NNN lease structure with scheduled escalations
  • Concrete parking lot

Property Analytics

Current Use

Family Dollar Discount Store

Suggested Use

Top Pick Real Estate Agency HVAC Service Law Firm Auto Parts Store Pharmacy Grocery & Convenience Store

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

290
Businesses Nearby
3k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
H&R Block Shops & Services
1,670 visits/mo 0.3 miles
Napa Auto Parts Shops & Services
1,069 visits/mo 0.4 miles

Demographics for 62420, IL

4,196
Population
2,140
Households
2
Avg Household Size
45
Median Age
17%
College-Educated
91%
High-School Grad
123.2 sq mi
ZIP Area
34
Density / Sq Mi
$68,235
Median Household Income
$40,182
Median Earnings
$738
Median Rent
$122,000
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?
NNN property - Long-term net leasing and a concrete parking lot support a low-maintenance commercial asset.
Where is this nnn property located?
The property is located at 505 N Route 49 Casey, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 16,240 square feet of commercial property; NNN lease structure with scheduled escalations; Concrete parking lot
(312) 777-2437 Call to check price and availability
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