Property profile

10017 2Nd St Machesney Park, IL 61115

OFF-MARKET
Retail properties & Spaces
5,700 SF 12.13 ac lot Built 2023
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Property summary

AI-generated overview

This exceptional 5,700 square foot retail property, built in 2023, is situated on 12.13 acres in the thriving Machesney Park, Illinois market. The single-story, Class B building features three suites, with one suite currently vacant, offering 1,102 contiguous square feet of flexible-use space. Ideal for a variety of retail businesses, this space boasts superior visibility along high-traffic streets, benefiting from over 40,000 vehicles per day passing the intersection of IL Route 173 and Hwy 251. Its convenient location is just three miles from I-90, ensuring easy access for customers and employees. The property includes ample parking with 50 spaces and allows for building signage. The zoning is CG, and the property is located in Winnebago County, Illinois, with a 61115 zip code. The minimum divisible space is 1,102 square feet, making it perfect for a smaller business or a satellite location. This is a rare opportunity to secure a brand-new retail space in a prime location with excellent visibility and accessibility.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2023
Total area 5,700 SF
Lot 12.13 ac (528,383 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

10017 2Nd St Machesney Park, IL 61115
Machesney Park metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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