Property profile

504-522 Jasper St Paris, IL 61944

OFF-MARKET
Retail properties & Spaces
94,050 SF Built 1979
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Property summary

AI-generated overview

This exceptional commercial property, the Paris Shopping Center, presents a rare opportunity for businesses seeking flexible and strategically located space in Edgar County, Illinois. The 94,050 square foot center, built in 1979 and zoned C-2, sits on an expansive 11.5-acre lot (APN: 09-18-12-200-019). Currently, there are 32,320 square feet of vacant space available, divisible into units ranging from a minimum of 7,918 square feet to a maximum contiguous space of 24,402 square feet. Two notable spaces are available: a former grocery store (24,402 sq ft) featuring two dock doors, and a former office space (7,918 sq ft). The property's convenient location at 504-522 E Jasper St, Paris, IL 61944, places it just west of a Walmart Supercenter, offering excellent visibility and accessibility. Its proximity to Interstate 70 (20 minutes) and Terre Haute, Indiana (30 minutes) further enhances its strategic appeal. The center boasts a strong tenant mix, including RP Lumber, Anytime Fitness, Los Tres Caminos, and New China Buffet, creating a vibrant and established commercial environment. This Class C property offers a compelling investment opportunity for businesses seeking high-traffic exposure and a well-established location within a thriving community. The property's size and layout provide significant flexibility for a variety of retail and office uses.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1979
Total area 94,050 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

504-522 Jasper St Paris, IL 61944
Paris metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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