1549 Lake Park Dr Germantown, IL 62245
Property profile & analytics
1549 Lake Park Dr Germantown, IL 62245
- Commercial real estate
- 9,030 SF
- 1.43 lot acres
Property ID
US28-4808185
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 1549 Lake Park Dr
- Year built
- 2009
- Construction
- CONCRETE
- Lot size
- 1.43 lot acres
- Property size
- 9,030 SF
- Zone code
- 51
- Property type
- Commercial real estate
- APN
- 12-11-04-300-055
- APU
- 121104300055
Description
This exceptional investment opportunity presents the fee simple ownership of a freestanding Dollar General store in Germantown, Illinois. The property, located at 1549 Lake Park Dr, boasts 9,014 square feet on a 1.43-acre lot and was built in 2009. The property is subject to a 15-year Net Lease (NNN) agreement with Dollar General (Dolgencorp, LLC), a nationally recognized retailer with over 19,000 stores. The lease, extending to November 2029, includes scheduled rent increases every five years, providing inflation protection and growing net operating income (NOI). The corporate guarantee minimizes landlord responsibilities, making this an ideal low-management investment. The property enjoys high visibility on Lake Park Drive, with an average daily traffic count of 5,900 vehicles. Its strategic location benefits from proximity to other established businesses, including Jansen Chevrolet, FitZone 161, and Germantown Trust & Savings Bank, creating a strong retail environment. The property serves a 5-mile trade area with over 10,500 residents and 4,600 daytime employees, boasting an average household income of $98,071. The asking price is $1,149,000, representing a cap rate of 6.85% and a current NOI of $78,726. The price per square foot is $127.47. This is a rare opportunity to acquire a well-located, passively managed, and highly profitable retail investment.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $804,000
- AI Estimate
- $1,031,000
Market price range: $303k - $804kMarket price range: $352k - $1.03M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Germantown
- County
- Clinton
- State
- Illinois
- Longitude
- -89.5531
- Latitude
- 38.5528
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$18,425
$33,200
$234,180
$267,380
-
$99,600
$702,540
$802,140
