506 Elida StWinnebago, IL 61088

For Sale
$1,250,000

High-Visibility Shopping Center, 14,228 SF

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 14,228-square-foot shopping center, located at 506 N Elida St in Winnebago, Illinois (61088), presents a compelling investment opportunity. Built in 1981, this single-story, Class C property sits on a 1.24-acre lot (APN 14-08-226-012) and boasts a prime location at a major town intersection, ensuring high visibility and accessibility. Currently, the center houses four tenants: three office/medical spaces and a fitness center, providing a stable income stream. The asking price is $1,250,000, translating to $87.85 per square foot. This well-established retail center offers a strong foundation for future growth and profitability, making it an attractive addition to any investment portfolio. The property's single-building design simplifies management, while its established tenancy minimizes vacancy risks. Its strategic location within Winnebago, Illinois, provides excellent access to a thriving local community. This is a rare opportunity to acquire a well-positioned retail property in a desirable market.

Highlights

  • 14,228 SF shopping center in Winnebago, IL (61088) on a 1.24-acre lot.
  • Single-story, Class C building constructed in 1981, located at a major intersection.
  • Four tenants (three office/medical, one fitness center) provide stable income.
  • Asking price: $1,250,000 ($87.85/SF).
  • Prime location offers high visibility and accessibility.

Property Details for 506 Elida St

Property type
Lifestyle centers, Power centers
Square Feet
14,228 SF
Class
C
Year Built
1981
Buildings
1
Stories
1
Lot Size (sq. ft)
54,014 SF

Location Insight

City
Winnebago
County
Winnebago
State
Illinois
Latitude
42.2732902
Longitude
-89.2425648
506 Elida St, Winnebago, Illinois
Leaflet | © OpenStreetMap contributors

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506 Elida St
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