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    OFF-MARKET
    Lifestyle centers

    303 Commercial St, Harrisburg, IL 62946

    55,911 SF Built 1964
    Property ID
    Property summary
    AI-generated overview

    Parker Plaza, located at 303 S Commercial St in Harrisburg, Illinois (zip code 62946), presents a prime retail investment opportunity. This single-story, Class B shopping center, totaling 55,911 square feet, was built in 1964 and underwent renovations in 2015. The property features 17 suites in a multi-tenant configuration, offering a diverse range of potential uses. Currently, there is 1,942 square feet of vacant space available, ideal for a variety of retail businesses. The maximum contiguous space available is also 1,942 square feet, providing flexibility for larger tenants. The center benefits from convenient drive-up access, ensuring ease of customer access and convenient loading/unloading. Its strategic location places it within the heart of daily traffic patterns, maximizing visibility and foot traffic. A large pylon sign further enhances the property's visibility and brand recognition. This property offers a strong foundation for a successful retail venture, combining established infrastructure with a highly visible location. The property's size and layout provide opportunities for both smaller and larger businesses seeking a presence in the Harrisburg market. The 2015 renovations ensure the property is well-maintained and ready for immediate occupancy.

    Property profile
    Verified
    Property type Lifestyle centers
    Year built 1964
    Total area 55,911 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
    • Vapors 4 U Harrisburg (Bike/Boat/Book/etc) Store Alternative Medicine Practice
    • Elizabeth Eversmann, FNP-C Pediatrician Physician
    • Jessica Jackson Physician
    • Kyleen Millenbine Physician
    • Jeffrey Owens Physician
    Value estimations
    Realmo proprietary · 4 methods
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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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