260 State St Hampshire, IL 60140
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.
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Medical Waste Pros Waste Management Facility Hazardous Waste Disposal
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RPHemp Big Box & Wholesale Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.