638 N Main St Canton, IL
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Retail building with long-term net lease in Canton, Illinois.
Type:RETAIL
Property size:
3,250 SFLot size:
0.44 AcresPrice / SF:
$433/SF- Added:
- Jan 15, 2025
- Days on Market:
- 477
- Last Refresh:
- Apr 5 at 11:12 pm
Property Features for 638 N Main St
General Information
- Standard status
- Active
- Size
- 3,250 SF
- Lot size
- 0.44 Acres
- Property subtype
- RETAIL
Listing agent Russell Smith
Listing office Secure Net Lease - Dallas (214) 522-7200
Listing date Jan 15, 2025
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Secure Net Lease - Dallas
HighLights
- 20‑Year Net Lease with (4) 5‑Year Options to Renew and 10% Rental Increases Every 5 Years
- Lease is Guaranteed by LBE Holdings, with 64 Units, and had Totaling $87,000,000 in 2023
- Excellent Site‑Level Visibility – Property has Frontage Along Main Street (12,300+ VPD)
- TriStar Ventures Operates 26 Units Throughout IL and IN, & Generated Approx. $30,000,000 in Revenue in 2023
- 3,250+/- SF Building on 1.12+/- Acre Site
- 1970 Construction/2013 Renovation
Overview
Canton Retail Building For Sale
This 3,250 square foot building, constructed in 1970 and renovated in 2013, is situated on a 1.12 acre site. The property features a 20-year net lease with four 5-year options to renew, and 10% rental increases every 5 years. It offers excellent site-level visibility with frontage along Main Street, which sees over 12,300 vehicles per day. The tenant, TriStar Ventures, operates 26 units throughout Illinois and Indiana, generating approximately $30,000,000 in revenue in 2023. The lease is guaranteed by LBE Holdings, which includes 64 units and had a total revenue of $87,000,000 in 2023. Located in Canton, Illinois, the property is 20 miles from Peoria, placing it within a multi-county region along the Illinois River. Canton has a population of 13,242.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Places Nearby
- Blooming Crazy Inc Flowers & More — 100 N Main St, Canton, IL 61520
- The Bloom Box — 15 White Ct, Canton, IL 61520
Location Insight
- Map
- Local Demand
- City
- Canton
- County
- Fulton
- State
- Illinois
- Longitude
- -90.0351
- Latitude
- 40.5581
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Retail building with long-term net lease in Canton, Illinois.
Where is this storefront property located?
The property is located at 638 N Main St Canton, IL.
What is the asking price?
The asking price for this property is $1,408,000.
What are key features of this property?
This property features: 20‑Year Net Lease with (4) 5‑Year Options to Renew and 10% Rental Increases Every 5 Years; Lease is Guaranteed by LBE Holdings, with 64 Units, and had Totaling $87,000,000 in 2023; Excellent Site‑Level Visibility – Property has Frontage Along Main Street (12,300+ VPD)
