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    601 7Th St Wyoming, IL 61491

    For Sale
    $1,016,320

    High-yield, net-leased storefront investment.

    Property size:
    9,014 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment opportunity presents a single-tenant, net-leased Dollar General storefront located at 601 S 7th St, Wyoming, IL 61491. The property boasts 9,014 square feet of net rentable space situated on a 1.15-acre lot, zoned C-1. Built in 2009, this Class B building enjoys a 100% occupancy rate with a credit-rated tenant under a lease commencing December 21, 2009, and expiring November 30, 2029. The current lease has approximately 5 years remaining, with three lease options available. The property generates a strong net operating income (NOI) of $76,234, resulting in an attractive 7.50% cap rate. This strategically located storefront offers excellent visibility and ample parking, making it an ideal investment for discerning buyers seeking a stable, high-return asset. The property's APN is 07-01-109-021. This is a rare opportunity to acquire a well-performing, investment-grade property in a desirable location. The asking price is $1,016,320.

    Property Features for 601 7Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,014 SF
    Class
    B
    Lot Size
    50,094 SF

    Building Details

    Year Built
    2009

    HighLights

    • $1,016,320 asking price for a Dollar General Net Lease property.
    • 7.50% cap rate with a $76,234 NOI.
    • 9,014 square foot storefront on a 1.15‑acre lot in Wyoming, IL.
    • Strong tenant (Dollar General) with a credit rating, 100% occupancy, and a lease expiring 11/30/2029 (5 years remaining with 3 lease options).
    • Class B building constructed in 2009, located in a C‑1 zoned area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Wyoming
    County
    Stark
    State
    Illinois
    Longitude
    -89.773063679995
    Latitude
    41.055046363738

    Nearby Comparable

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    Nearby Similar for Sale

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      New Retail Building in Wyoming

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      Wyoming Commercial Investment Opportunity

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      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-yield, net-leased storefront investment.
    Where is this individual retail property located?
    The property is located at 601 7Th St Wyoming, IL.
    What is the asking price?
    The asking price for this property is $1,016,320.
    What are key features of this property?
    This property features: $1,016,320 asking price for a Dollar General Net Lease property.; 7.50% cap rate with a $76,234 NOI.; 9,014 square foot storefront on a 1.15-acre lot in Wyoming, IL.
    Request Owner's contact information
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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
    601 7Th St Wyoming, IL 61491
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