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    801-803 Cleveland Ave Heyworth, IL 61745

    For Lease
    $6 SF/Yr ($5,958 /Mo)

    Prime Heyworth retail space, flexible layout.

    Lot size:
    11,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail property, located at 801-803 W Cleveland Avenue, Heyworth, IL 61745, offers a versatile space ideal for a variety of businesses. The single-story building, constructed in 2000, boasts a total of 11,000 square feet, currently featuring 8,000 square feet of vacant space. The property is divisible, offering flexible lease options of either 4,000 or 8,000 contiguous square feet. With four total suites, this presents an opportunity for either a single large tenant or multiple smaller businesses. The ample 48-space parking lot ensures convenient access for customers and employees. Situated on a 0.64-acre lot, the property is zoned commercial and has a McLean County APN of 28-33-459-007. The building's convenient location on W Cleveland Avenue, with cross-street access via Delane Drive, provides excellent visibility and accessibility. This property is perfect for businesses seeking a prominent location in a thriving community. The property type is listed as retail, with an office subtype, and is suitable for multiple tenants. Don't miss this chance to secure a prime retail location in Heyworth, Illinois.

    Property Features for 801-803 Cleveland Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,000 SF
    Total Rate
    5958.33

    Building Details

    Year Built
    2000
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    8,000 SF
    Rate per SF
    $6
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Heyworth
    County
    McLean
    State
    Illinois
    Longitude
    -88.986749775947
    Latitude
    40.312452298835

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    FAQs

    What type of property is this?
    Retail property - Prime Heyworth retail space, flexible layout.
    Where is this retail property located?
    The property is located at 801-803 Cleveland Ave Heyworth, IL.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    Request Owner's contact information
    801-803 Cleveland Ave Heyworth, IL 61745
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    Heyworth, IL 61745
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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
    801-803 Cleveland Ave Heyworth, IL 61745
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