Listing Agency: Strano & Associates a***@strano.com Show Phone

Listed By: Jay Kehrer · License #475166243 Show Phone

Source: Exprealty

Added: Sep 11, 2024 Changed: Oct 6 Last Checked: Oct 7 at 6:33PM

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Investment Insights

Based on property information with market context.

The New Baden Center offers retail units of 1,000 square feet, with open units 4 through 7 available for occupancy. These spaces can be combined, and interior finishes can be tailored to a business’s requirements. Unit 3 has rough framing in place; Units 1 and 2 are occupied.

Across Cedar Street, New Baden is building a Village Hall, Police Department, and Emergency Services facility on land purchased by the city. The center is located in the city at a corner location.

Key Highlights

• Units 4–7 are currently open for occupancy
• Each unit offers 1,000 square feet; multiple units can be combined
• Unit 3 is rough framed to 1,000 square feet

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Dental Office Plumbing Service (Bike/Boat/Book/etc) Store Bakery Pharmacy Big Box & Wholesale 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.

Lease Details

NNN (Triple Net)

Lease Type

$3.60 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

195

Businesses Nearby

Explore this area Business Placement

Demographics for 62265, IL

4,446

Population

1,879

Households

2.4

Avg Household Size

38

Median Age

25%

College-Educated

93%

High-School Grad

33.6 sq mi

ZIP Area

132

Density / Sq Mi

$88,097

Median Household Income

$50,896

Median Earnings

$1,158

Median Rent

$173,600

Median Home Value

Market

Lease Benchmarks for New Baden, IL

$24 /SF/Yr

Avg Asking Price

$24–$24 /SF/Yr

Price Range

1,000 SF

Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties What are key features of this property?

Similar For Rent Nearby

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Flexible Retail Suites

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1,000 sqft

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Retail Suites with Flexible Layout

7-1219 E Cedar St, New Baden, IL 62265

$2,000/Mo

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Retail Center with Flexible Suites

4-1219 E Cedar St, New Baden, IL 62265

$2,000/Mo

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Frequently Asked Questions

What type of property is this?

Retail space - Open storefronts can be joined to create larger retail spaces.

Where is this retail space located?

The property is located at 6-1219 E Cedar St New Baden, IL.

What is the lease rate?

The lease rate is $2,000/Mo.

What are key features of this property?

This property features: Units 4–7 are currently open for occupancy; Each unit offers 1,000 square feet; multiple units can be combined; Unit 3 is rough framed to 1,000 square feet