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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

4510 41 St Andover, IL 61262

Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 4510 41ST Street in Andover, Illinois, 61262, offers a unique blend of accessibility and visibility. The single-tenant, 2,377 square foot building sits on commercially zoned land (APN 17-15-214-006) and boasts 224 parking spaces, ensuring ample convenience for employees and clients. Its strategic location off John Deere Road and I-24 provides unparalleled connectivity to the entire region, placing it within easy reach of a thriving business community. The property benefits from high visibility, with pylon sign space available on John Deere Road (3' x 6' double-sided). Access is convenient from both 44th Avenue (north) and 46th Avenue (south). The building features a 30' frontage by 100' depth, with a less common corridor and adjacent tenant access to a rear truck court. Furthermore, the property's location is on the east side of 41st Street, south of John Deere Road, and directly across from a highly trafficked entrance to a 45-acre shopping center anchored by Walmart and Lowe's, along with numerous restaurants. Importantly, the property has received Letter of Map Amendment (LOMA) approval, removing it from the floodplain. This property presents a rare opportunity to acquire a well-situated, highly visible commercial space in a rapidly growing area. The property is classified as Commercial, Flex, and Medical Office space. The building consists of one suite within one building.

Property profile
Verified
Property type Retail properties & Spaces
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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