Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    605 Van Buren St Clinton, IL 61727

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime retail storefront; ample parking; adaptable space.

    Lot size:
    6,590 SF

    Property Features for 605 Van Buren St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,590 SF

    Spaces For Lease

    at 605 Van Buren St, Clinton, IL 61727 Contact us

    We can help!

    Listing Contact
    Matthew Hill

    Listing Agency: Legacy Commercial Properties Listing Agent: Matthew Hill

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

    Learn more

    Overview

    This exceptional retail property at 605 W. Van Buren St., Clinton, IL, presents a remarkable leasing opportunity. The building encompasses a total of 6,590 square feet, with 5,390 square feet currently available for lease. Situated on a 0.73-acre lot (31,754 square feet), this storefront boasts a highly visible expansive frontage, designed to maximize customer traffic and brand awareness. The property includes 42 convenient parking spaces, ensuring ease of access for patrons. Located in De Witt County, this strategically positioned property offers an adaptable interior layout, perfect for a variety of retail or commercial uses. The modern design and customizable interior allow for efficient floor planning and optimal product display, creating a welcoming and dynamic environment for businesses seeking a prominent location. The ample space and convenient parking make this an ideal location for businesses aiming to attract a substantial customer base and enhance their brand presence within the Clinton community. This property offers a unique blend of visibility, accessibility, and adaptability, making it an exceptional investment opportunity for discerning businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    De Witt
    State
    Illinois
    Longitude
    -88.966090066426
    Latitude
    40.148044260012

    Nearby Similar for Lease

    • $12 SF/Yr
      1,872 SF

      Retail Space in Clinton Plaza

      Retail space available in Clinton, Illinois with high traffic.
      38-60 Clinton Plz, Clinton, IL 61727
      View Details
    • $1,000 /Mo
      2,260 SF

      Retail and Workshop Space Available

      Retail and workshop space in the heart of Clinton, IL.
      217 East Main St, Clinton, IL 61727
      View Details
    • Contact for pricing
      5,390 SF

      Retail Space in Clinton, Illinois

      Retail space available for lease in central Illinois.
      603 E Van Buren St, Clinton, IL 61727
      View Details
    • $10 SF/Yr
      31,526 SF

      Clinton Plaza Retail Center

      Prime Retail Space Available in Clinton, IL
      10 Clinton Plz, Clinton, IL 61727
      View Details
    • $5 SF/Yr
      151,200 SF

      Prime McLean County Warehouse Space

      100,000 SF Available; Flexible Lease Options
      10670 Il-10, Clinton, IL 61727
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime retail storefront; ample parking; adaptable space.
    Where is this individual retail property located?
    The property is located at 605 Van Buren St Clinton, IL.
    What are key features of this property?
    This property features: Retail storefront in Clinton, IL, totaling 6,590 square feet.; 5,390 square feet of vacant space available for lease.; 0.73-acre lot (31,754 square feet) with 42 parking spaces.
    Request Owner's contact information
    605 Van Buren St Clinton, IL 61727
    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.
    605 Van Buren St
    Clinton, IL 61727
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    605 Van Buren St Clinton, IL 61727
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matthew Hill
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!