1013 State St East Carondelet, IL 62240-1309
This 1,310 sq ft retail property in East Carondelet, IL, presents a unique owner-user investment opportunity. Located at 1013 State St, 62240, this single-story, Class C building sits on a 0.83-acre lot and was built in 1973, undergoing a complete renovation in 2022. The renovation included a new roof, gutters, downspouts, HVAC system, and security system, ensuring modern functionality and efficiency. Currently operating as a convenience store and daycare, this property offers high visibility and easy customer access. The asking price is $130,000, translating to $99.24 per square foot. This turnkey operation is ideal for an owner-user seeking to expand their business or establish a new venture in a thriving community. The property's combination of established businesses and recent upgrades provides a solid foundation for future growth and profitability. Don't miss this chance to acquire a well-maintained, high-traffic retail space with significant upside potential.
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KR Quik Stop Grocery & Convenience Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.