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    1939 Morton Ave Jacksonville, IL 62650

    Sponsored
    For Lease
    $17 SF/Yr

    Prime Retail Space, 1805 sq ft available

    Lot size:
    17,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional retail opportunity is located within the Shoppes on Morton, a single-story, 17,600 square foot building situated on 2 acres in Morgan County. The space, previously occupied by GameStop, offers 1,805 square feet of prime retail space in a high-traffic, high-visibility location on West Morton Avenue (Business I-72), at a signalized intersection. The unit boasts approximately 22 feet of frontage and includes rear rooms and a secure storage room. High-quality roll-up locking security screens are in place. This is a rare opportunity to establish a business in a thriving area, anchored by a Walmart Supercenter and complemented by nearby businesses including Dunham's Sports Center (with cross-access), and future additions of Hobby Lobby and Marshall's across the street (projected opening Summer 2025). The property was built in 2010 and consists of seven suites in total. Annual property taxes are $3.95 per square foot. The lease is structured as a triple net (NNN) lease at $5 per square foot. Please note that smoke and vape shops are not permitted in this retail center. The minimum divisible space is 1,805 square feet.

    Property Features for 1939 Morton Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,600 SF
    Total Rate
    24933.33

    Building Details

    Year Built
    2010
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,805 SF
    Rate per SF
    $17

    HighLights

    • Prime retail space, 1,805 square feet, available in a high‑traffic location.
    • Located at a signalized intersection on West Morton Avenue (Business I‑72).
    • Formerly occupied by GameStop, offering a rare opportunity.
    • High visibility due to proximity to a Walmart Supercenter.
    • New development nearby, including Hobby Lobby and Marshall's (opening Summer 2025).
    • Convenient cross‑access to Dunham's Sports Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Morgan
    State
    Illinois
    Longitude
    -90.2694226
    Latitude
    39.7221569

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, 1805 sq ft available
    Where is this retail property located?
    The property is located at 1939 Morton Ave Jacksonville, IL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Prime retail space, 1,805 square feet, available in a high-traffic location.; Located at a signalized intersection on West Morton Avenue (Business I-72).; Formerly occupied by GameStop, offering a rare opportunity.
    Request Owner's contact information
    1939 Morton Ave Jacksonville, IL 62650
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    Jacksonville, IL 62650
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1939 Morton Ave Jacksonville, IL 62650
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