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    1217 Us-45 Eldorado, IL 62930

    Sponsored
    For Sale
    $235,000

    High-yield retail property, strong tenant.

    Property size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fee-simple, single-story retail building in Eldorado, Illinois, totaling approximately 12,000 square feet on a 2.19-acre lot (APN: 04-1-166-05). The property is 100% occupied by Dollar General, a national brand with a long-standing presence at this location, having occupied the space since May 1994. The current lease, commencing May 1, 2023, and expiring April 30, 2028, offers a remaining term of approximately 3.4 years. The lease includes a five-year renewal option with a 13.3% rent increase. The current annual net operating income (NOI) is $25,113, resulting in a compelling 10.69% capitalization rate. The asking price is $235,000, translating to a price per square foot of $19.58 based on the 10,500 square feet of net rentable space. Approximately 1,500 square feet of additional space is currently vacant and presents potential for additional income. The property is classified as Class C and is a net lease investment. This offering represents a rare opportunity to acquire a Dollar General property at a significantly below-replacement-cost price. The property's long-term occupancy history and the strong financial performance make it an attractive addition to any investment portfolio.

    Property Features for 1217 Us-45

    General Information

    Property type
    Lifestyle centers
    Square Feet
    12,000 SF
    Class
    C
    Lot Size
    95,396 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Nation's lowest‑priced Dollar General!
    • Investment‑grade, Dollar General‑leased property, approximately 12,000 square feet, priced at ~$21.50/SF.
    • Dollar General's 30+ year history at this location, recently renewed 5‑year lease.
    • Low annual rent of $3.43/SF gross, offering sustainable income.
    • One 5‑year renewal option at $3,400/month (13.33% increase).
    • 1,500 SF vacant space offers potential for additional income; Price reduced to $235,000, 10.7% cap rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Eldorado
    County
    Saline
    State
    Illinois
    Longitude
    -88.443419709711
    Latitude
    37.806291540237

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield retail property, strong tenant.
    Where is this lifestyle center located?
    The property is located at 1217 Us-45 Eldorado, IL.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: Nation's lowest-priced Dollar General!; Investment-grade, Dollar General-leased property, approximately 12,000 square feet, priced at ~$21.50/SF.; Dollar General's 30+ year history at this location, recently renewed 5-year lease.
    Request Owner's contact information
    1217 Us-45 Eldorado, IL 62930
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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
    1217 Us-45 Eldorado, IL 62930
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