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701 N Commercial St Harrisburg, IL 62946

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Two retail properties with redevelopment potential in Harrisburg, Illinois.

Property size:
44,000 SF
Lot size:
13.21 Acres

Property Features for 701 N Commercial St

General Information

Standard status
Active
Size
44,000 SF
Lot size
13.21 Acres

Building Details

Year built
1991

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Listing Contact
Eddie Cherry
Eddie Cherry
Source: Crexi

Listing Agency: Manor Real Estate Listing Agent: Eddie Cherry

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Two Harrisburg Retail Centers Portfolio

Offered is a 100% fee simple interest in a two-property portfolio in Harrisburg, Illinois, comprising Shawnee Square and Arrowhead Point Shopping Centers. Shawnee Square is a 28,320 square foot Kroger shadow-anchored retail center with 69% occupancy. The shopping center was extensively renovated in 2024 with a new TPO roof and modern new façade. Strategically positioned between Kroger and Tractor Supply, Shawnee Square benefits from a strong tenant mix, daily traffic, and access to North Commercial Street. Arrowhead Point is a fully-vacant 44,000 square foot retail center on approximately 13.21 acres. Shadow anchored by a top performing Rural King, this site offers redevelopment potential at a land basis of $0.87 per square foot. With existing access, functional parking field, and utility infrastructure, the ground up or renovation economics are attractive to a developer.
Location Intelligence

Current Use by Public Records

Withers Broadcasting | WEBQ ... Radio Station Showplace Cinemas Harrisburg Cinema Rural King Big Box & Wholesale Store Venue Royale Music Venue Rural King Guns Gun Shop

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Coinstar Kiosk | Bitcoin ATM

Location Insight

  • Map
  • Local Demand
City
Harrisburg
County
Saline
State
Illinois
Longitude
-88.524772
Latitude
37.744585

FAQs

What type of property is this?
Shopping center - Two retail properties with redevelopment potential in Harrisburg, Illinois.
Where is this shopping center located?
The property is located at 701 N Commercial St Harrisburg, IL.
What are key features of this property?
This property features: - Two-property portfolio in Harrisburg, Illinois: Shawnee Square and Arrowhead Point Shopping Centers.; - Shawnee Square: Kroger shadow-anchored retail center with 69% occupancy, renovated in 2024 with a new TPO roof and facade.; - Shawnee Square: Strategically positioned between Kroger and Tractor Supply offering strong traffic and access to North Commercial Street.
More about this property
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