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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

260 State St Hampshire, IL 60140

10,750 SF Built 1955
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1955
Total area 10,750 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Medical Waste Pros Waste Management Facility Hazardous Waste Disposal
  • RPHemp Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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