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    5 Williamson Dr Fairfield, IL 62837

    Sponsored
    For Sale
    $675,000

    10,000 SF Retail Center, 2 Tenants

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Prime Fairfield, IL retail investment opportunity. This 10,000 square foot, Class B retail center sits on a 2.4-acre lot with high visibility along the IL RT 15 and US Highway 45 business corridor. The property features three separate, finished suites, each with its own HVAC system. Currently, two suites (approximately 5,000 square feet) are occupied under a multi-tenant gross lease with a remaining term of 3.5 years (expiring June 1, 2028). The remaining 5,000 square feet is available for lease. The property boasts ample parking with 40 spaces, concrete paved parking lots, walkways, and rear service and employee parking. Built in 2013, this single-story building is zoned B3. The asking price is $675,000, representing a price per square foot of $67.50. This net lease investment presents a strong opportunity for owner-users or investors seeking a stable, multi-tenant income stream in a desirable location. The property's address is 5 Williamson Drive, Fairfield, IL 62837, and the APN is 2250051014.

    Property Features for 5 Williamson Dr

    General Information

    Property type
    Retail properties
    Square Feet
    10,000 SF
    Class
    B
    Lot Size
    104,544 SF

    Building Details

    Year Built
    2013
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • $675,000 asking price for a 10,000 square foot retail property on 2.4 acres in Fairfield, IL.
    • Net lease investment opportunity with a gross lease in place.
    • Multi‑tenant property with two current tenants and one vacant suite.
    • Five‑year lease term commencing June 1, 2023, with 3.5 years remaining.
    • Property features 40 parking spaces and is situated on a high‑visibility corner lot in a busy commercial corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Advanced Healthcare Chiropractor Steven R. Miller, ... Chiropractor El Mexicano Restaurant Mexican Restaurant

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Wayne
    State
    Illinois
    Longitude
    -88.3932291
    Latitude
    38.3783956

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    FAQs

    What type of property is this?
    Retail property - 10,000 SF Retail Center, 2 Tenants
    Where is this retail property located?
    The property is located at 5 Williamson Dr Fairfield, IL.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: $675,000 asking price for a 10,000 square foot retail property on 2.4 acres in Fairfield, IL.; Net lease investment opportunity with a gross lease in place.; Multi-tenant property with two current tenants and one vacant suite.
    Request Owner's contact information
    5 Williamson Dr Fairfield, IL 62837
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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
    5 Williamson Dr Fairfield, IL 62837
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