Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    101 Keller Dr Effingham, IL 62401

    Sponsored
    For Sale
    $4,750,000

    Prime Retail Investment: 29,102 SF, 5 Units

    Property size:
    29,102 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents the Westgate Shopping Center, a thriving retail property located at 101 N. Keller Dr, Effingham, IL 62401. Boasting 29,102 square feet across five units, this multi-tenant shopping center sits on a desirable 2.44-acre lot with nearly 372 feet of frontage along North Keller Drive, a high-traffic artery with over 23,000 vehicles daily. The property benefits from excellent visibility and a strong, consistent customer base anchored by five long-term tenants. Ample parking is provided with 116 spaces located conveniently at the front and side of the building. Rear access features three overhead doors and one unloading dock, enhancing operational efficiency. This NNN-leased property offers a compelling investment opportunity in a strategic location, serving a large trade area in central Illinois. Its proximity to the intersection of Interstates 57 and 70 provides easy access to major Midwest transportation routes connecting Chicago, St. Louis, and Indianapolis. The asking price is $4,750,000.

    Property Features for 101 Keller Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    29,102 SF
    Lot Size
    106,286 SF

    Building Details

    Units
    5

    HighLights

    • Exceptional investment opportunity: Westgate Shopping Center, 29,102 SF, five‑unit retail property in Effingham, IL.
    • High‑traffic location: 2.44‑acre lot with 372 ft of frontage on N. Keller Dr (23,000+ VPD).
    • Strong tenancy: Five long‑term tenants, ample parking (116 spaces), and excellent visibility.
    • Efficient design: Rear access with three overhead doors and one loading dock.
    • NNN‑leased property: Asking price $4,750,000, strategically located near I‑57 & I‑70.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Effingham
    County
    Effingham
    State
    Illinois
    Longitude
    -88.55669228327
    Latitude
    39.122278669063

    Nearby Comparable

    • $4,000,000
      20,965 SF

      Motel 6/Studio 6 Effingham, IL

      104-unit motel, strong ROI, prime location
      1412 W Fayette Ave, Effingham, IL 62401
      View Details
    • $1,200,000
      3.83 Acres

      Effingham Commercial Land - $1.2M

      3.83-acre commercial lot, prime I-57 location.
      1600 Fayette Ave, Effingham, IL 62401
      View Details
    • $4,424,000

      Prime Development Land For Sale

      Development land zoned M-1 Light Industrial/B-2 Commercial available for sale.
      S Banker St, Effingham, IL 62401
      View Details
    • $1,800,000
      10,240 SF

      Effingham Retail Storefront Investment

      10,240 SF Retail Space - Excellent Location
      1306 Thelma Keller Ave, Effingham, IL 62401
      View Details
    • Contact for pricing
      2.00 Acres

      Effingham, IL Retail Outlot

      High-traffic location, divisible 2-acre lot.
      201 Walk Ave, Effingham, IL 62401
      View Details
    • $538,850

      Industrial Land Near Interstates

      8.29 acre light industrial site with utilities nearby.
      2802 N 3Rd St, Effingham, IL 62401
      View Details
    • $2,400,000
      2.64 Acres

      Altamont Event Center: Prime Investment

      Elegant banquet hall, 2.64 acres, 450-guest capacity.
      8 Carriage Ln, Altamont, IL 62411
      View Details
    • $560,000
      40.00 Acres

      Prime 40-Acre Farm in Illinois

      Hunting, farming, & investment land
      6200 1600Th Ave, Newton, IL 62448
      View Details
    • $100,000

      20 Acres with Creek Access

      20-acre Clay County tract featuring timber and pasture land.
      00 Pyrite Dr, Louisville, IL 62858
      View Details
    • $329,000
      1.80 Acres

      Established Welding Business on Highway 16

      Turnkey welding business with equipment, inventory, and strong local reputation.
      1970 State Highway 16, Shelbyville, IL 62565
      View Details

    Nearby Similar for Sale

    • Contact for pricing
      2.00 Acres

      Effingham, IL Retail Outlot

      High-traffic location, divisible 2-acre lot.
      201 Walk Ave, Effingham, IL 62401
      View Details
    • $1,800,000
      10,240 SF

      Effingham Retail Storefront Investment

      10,240 SF Retail Space - Excellent Location
      1306 Thelma Keller Ave, Effingham, IL 62401
      View Details
    • $4,000,000
      20,965 SF

      Motel 6/Studio 6 Effingham, IL

      104-unit motel, strong ROI, prime location
      1412 W Fayette Ave, Effingham, IL 62401
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Prime Retail Investment: 29,102 SF, 5 Units
    Where is this lifestyle center located?
    The property is located at 101 Keller Dr Effingham, IL.
    What is the asking price?
    The asking price for this property is $4,750,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: Westgate Shopping Center, 29,102 SF, five-unit retail property in Effingham, IL.; High-traffic location: 2.44-acre lot with 372 ft of frontage on N. Keller Dr (23,000+ VPD).; Strong tenancy: Five long-term tenants, ample parking (116 spaces), and excellent visibility.
    Request Owner's contact information
    101 Keller Dr Effingham, IL 62401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    101 Keller Dr
    Effingham, IL 62401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    101 Keller Dr Effingham, IL 62401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.