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Property summary
This exceptional investment opportunity presents a freestanding Walgreens located at 2532 N Illinois St, Swansea, IL 62226. The 13,905 square foot property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $223,992. The property benefits from a 100% occupancy rate with Walgreens, a highly reputable tenant, under a net lease with over 10.1 years remaining. The lease includes nine five-year renewal options, providing long-term stability and predictable cash flow. … Built in 1997, this single-tenant retail property is strategically positioned along North Illinois Street and Fullerton Road, enjoying high visibility with over 33,200 vehicles passing daily. Its adjacency to Swansea Plaza, a shopping center attracting over 1.7 million annual visitors, further enhances its desirability. The surrounding area demonstrates strong demographics, with over 6,377 residents within a one-mile radius and average annual household incomes exceeding $109,570. Nearby businesses, including a high-performing McDonald's and Scooter's Coffee, contribute to the area's vibrancy. The property's location near High Mount School adds to its appeal. This investment offers a compelling opportunity for passive income generation, backed by a leading tenant in a prime market with excellent real estate fundamentals. The asking price is $3,200,000, translating to a price per square foot of $230.13. The Walgreens store reports strong sales of $2,234,000 (excluding prescription sales). This is a rare opportunity to acquire a stable, high-performing retail asset with significant long-term potential.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 7 qualifying comparable sales.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Swansea market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Location Insight
- Alternative use
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