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Shopping Center with Retail Outlot

535 N West St., Olney, IL 62450

For Lease
Contact for pricing

Multiple space types are offered, including junior-anchor, outlot, and small-shop opportunities.

Space Size1,292 SF - 4,915 SF
Lot Size0.50 Acres
Days on Market19

Property Features for 535 N West St.

General Information

Standard status Active
Size 1,292 SF - 4,915 SF
Net Rentable 1,436 SF
Lot size 0.50 Acres
Property subtype Retail

Space & Availability

Available Space 1,436 SF
Contiguous Space 1,436 SF

Additional Details

Anchor Co-Tenants Ruler Foods, Glik's

Building Details

Tenancy Multi

Spaces For Lease

at 535 N West St. Contact us

#2 Active

Size 1,292 SF
Contact us

#5 Active

Size 1,440 SF
Contact us

#7 Active

Size 4,915 SF
Contact us

Outlot Active

Size 1,436 SF
Contact us
Listing Agency: L3 Corporation
Listed By: Tim Gearhart
Source: Crexi
Added: Oct 22 Changed: Nov 8 Last Checked: Nov 8 at 6:16PM

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 L3 Corporation

Rey
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Investment Insights

Based on property information with market context.

Retail space is offered at a shopping center in Olney, Illinois, including junior-anchor, outlot, and small-shop options. A 1,436 SF former bank outlot is also identified, with an approximately 0.5-acre figure provided for the parcel. The center is undergoing renovation work to its facades and parking lot.

Ruler Foods and Glik's anchor the center, while Big R Farm & Home serves as a shadow anchor. A new-to-market apparel anchor is scheduled to open in 2027.

Key Highlights

  • 1,436 SF former bank outlot; approximately 0.5 AC
  • Ruler Foods and Glik's anchor the shopping center
  • Big R Farm & Home is a shadow anchor

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Pharmacy (Bike/Boat/Book/etc) Store Electrical Service

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

288
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 97% Home Improvements & Furnishings 3%
MotoMart Shops & Services
7,350 visits/mo 0.5 miles
Dollar General Shops & Services
6,847 visits/mo 0.3 miles
Rent One Home Improvements & Furnishings
454 visits/mo 0.3 miles
Napa Auto Parts Shops & Services
451 visits/mo 0.3 miles

Demographics for 62450, IL

11,978
Population
5,881
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
92%
High-School Grad
157.3 sq mi
ZIP Area
76
Density / Sq Mi
$60,133
Median Household Income
$37,218
Median Earnings
$761
Median Rent
$111,600
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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Shopping center - Multiple space types are offered, including junior-anchor, outlot, and small-shop opportunities.
Where is this shopping center located?
The property is located at 535 N West St. Olney, IL.
What are key features of this property?
This property features: 1,436 SF former bank outlot; approximately 0.5 AC; Ruler Foods and Glik's anchor the shopping center; Big R Farm & Home is a shadow anchor
(315) 569-9812 Call to check price and availability
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