Listing Agency: Barbermurphy Group Show Phone

Listed By: Mike Pierceall · License #IL 475121234

Source: Crexi

Added: Apr 10 Changed: Aug 8 Last Checked: Jul 22 at 2:58AM

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Investment Insights

Based on property information with market context.

This owner-user retail center offers a total of 34,450 SF on 2.27 acres. The center includes a formerly anchored 23,850 SF family-owned grocery store that is currently vacant, along with 10,600 SF leased to three tenants generating $57,324 in gross annual revenue. The property is positioned to support value-add opportunities through reconfiguration of the vacant anchor space for multiple commercial uses.

The center is located along US Rt. 50 and IL Rt. 127 in the center of Carlyle, with Carlyle Lake nearby.

The current tenant area and the large vacant anchor provide flexibility for prospective buyers seeking to adjust the tenant mix within the existing retail footprint.

Key Highlights

• 34,450 SF retail center on 2.27 acres along US Rt. 50 and IL Rt. 127 in the center of Carlyle
• Vacant 23,850 SF family‑owned grocery store anchor space
• 10,600 SF currently leased to three tenants generating $57,324 in gross annual revenue

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick HVAC Service Electrical Service Dental Office Skin Care Clinic Bakery (Bike/Boat/Book/etc) 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

323

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 62231, IL

7,171

Population

3,233

Households

2.2

Avg Household Size

46

Median Age

25%

College-Educated

96%

High-School Grad

192.1 sq mi

ZIP Area

37

Density / Sq Mi

$80,660

Median Household Income

$41,526

Median Earnings

$1,043

Median Rent

$158,400

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?

Shopping center - Retail center totals 34,450 SF on 2.27 acres, with a vacant grocery anchor and 10,600 SF currently leased.

Where is this shopping center located?

The property is located at 571 12th Street Carlyle, IL.

What are key features of this property?

This property features: 34,450 SF retail center on 2.27 acres along US Rt. 50 and IL Rt. 127 in the center of Carlyle; Vacant 23,850 SF family‑owned grocery store anchor space; 10,600 SF currently leased to three tenants generating $57,324 in gross annual revenue