Current Use by Public Records
- Medical Waste Pros / Waste Management Facility / Hazardous Waste Disposal
- RPHemp / Big Box & Wholesale Store
Property Details for 260 State St
- Year built
- 1955
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
Exceptional investment opportunity in Hampshire, IL, featuring a 10,750 square foot retail strip mall situated on 195 feet of prime frontage along the central business district's State Street. This Class B property, built in 1955 with a new roof, boasts nine fully leased units, including four newly constructed units (2006) and four remodeled units within the original 1.5-story building. The diverse tenant mix includes a pharmacy, eye doctor, employment agency, photographer, restaurant, and office spaces, ensuring a stable income stream. Ample onsite parking accommodates 30+ vehicles, and the property benefits from professional landscaping. The property is zoned B-1 and features a Kane County APN of 0121427008. The asking price is $1,175,000, translating to $109.30 per square foot. This is a rare opportunity to acquire a well-maintained, high-performing retail center with long-term tenants in a thriving business district. The property's strong occupancy rate and desirable location make it an ideal addition to any investment portfolio. This one-story building offers excellent visibility and accessibility.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hampshire
- County
- Kane
- State
- Illinois
- Longitude
- -88.5306
- Latitude
- 42.1005
