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    613 Locust St Marshall, IL 62441

    Sponsored
    For Sale
    $841,375

    Illinois Retail Investment: 8% Cap Rate

    Property size:
    13,394 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional retail investment opportunity in Marshall, Illinois, presents a 13,394-square-foot building currently 100% occupied by a Dollar General and Marshall Liquor. The property, built in 2003 and situated on a 0.86-acre lot, offers a compelling net lease investment with a strong corporate guarantee. The lease commenced July 1, 2004, and extends until June 30, 2029, with two five-year renewal options, each including a $300 monthly rent bump. The property generates a substantial net operating income (NOI) of $67,308, resulting in an attractive 8.00% capitalization rate. This single-story building boasts high visibility and ample parking, situated in a thriving area with an average annual household income exceeding $94,000 within a three-mile radius. The property's location at 613 Locust Street, Marshall, IL 62441, places it in a prime retail location, ranking in the 80th percentile of Dollar General stores nationwide. This multi-tenant property offers a secure and profitable investment opportunity with significant upside potential. The asking price is $841,375.

    Property Features for 613 Locust St

    General Information

    Property type
    Individual retail properties
    Square Feet
    13,394 SF
    Lot Size
    37,462 SF

    Building Details

    Year Built
    2003
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Dollar General‑anchored, two‑tenant retail building in Marshall, IL.
    • 13,394 square foot building on a 0.86‑acre lot.
    • Prime Marshall location with ample parking and high visibility.
    • High‑income area; average annual household income exceeds $94,000 within a three‑mile radius.
    • Top‑performing location; ranks in the 80th percentile of Dollar General stores nationwide.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Marshall
    County
    Clark
    State
    Illinois
    Longitude
    -87.6946854
    Latitude
    39.389651

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    FAQs

    What type of property is this?
    Individual retail property - Illinois Retail Investment: 8% Cap Rate
    Where is this individual retail property located?
    The property is located at 613 Locust St Marshall, IL.
    What is the asking price?
    The asking price for this property is $841,375.
    What are key features of this property?
    This property features: Dollar General-anchored, two-tenant retail building in Marshall, IL.; 13,394 square foot building on a 0.86-acre lot.; Prime Marshall location with ample parking and high visibility.
    Request Owner's contact information
    613 Locust St Marshall, IL 62441
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    Marshall, IL 62441
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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
    613 Locust St Marshall, IL 62441
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