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    OFF-MARKET
    Retail properties & Spaces

    1939 Morton Ave, Jacksonville, IL 62650

    17,600 SF 2 ac lot Built 2010
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located within the Shoppes on Morton, a single-story, 17,600 square foot building situated on 2 acres in Morgan County. The space, previously occupied by GameStop, offers 1,805 square feet of prime retail space in a high-traffic, high-visibility location on West Morton Avenue (Business I-72), at a signalized intersection. The unit boasts approximately 22 feet of frontage and includes rear rooms and a secure storage room. High-quality roll-up locking security screens are in place. This is a rare opportunity to establish a business in a thriving area, anchored by a Walmart Supercenter and complemented by nearby businesses including Dunham's Sports Center (with cross-access), and future additions of Hobby Lobby and Marshall's across the street (projected opening Summer 2025). The property was built in 2010 and consists of seven suites in total. Annual property taxes are $3.95 per square foot. The lease is structured as a triple net (NNN) lease at $5 per square foot. Please note that smoke and vape shops are not permitted in this retail center. The minimum divisible space is 1,805 square feet.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2010
    Total area 17,600 SF
    Lot 2 ac (87,120 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
    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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