501 Ctr St Eureka, IL 61530-1111
Property profile & analytics
501 Ctr St Eureka, IL 61530-1111
- Retail space
- 7,210 SF
Property ID
US28-0105435
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
- CVS Photo / (Bike/Boat/Book/etc) Store
- CVS / Pharmacy
- CDReload Instant Bitcoin / Crypto Atm
- UPS Access Point location / Courier Service / Postal Service
- CVS Pharmacy / Pharmacy
Property Details for 501 Ctr St
- Year built
- 1994
- Property size
- 7,210 SF
- Property type
- Retail space
- APN
- 13-12-404-012
- APU
- 1312404012
Description
This exceptional investment opportunity presents a fee-simple interest in a CVS Pharmacy located at 501 W Center St, Eureka, IL 61530. The property, built in 1994, encompasses 8,050 square feet and sits on a single building lot. The property is currently operating under a triple-net (NNN) lease with CVS Pharmacy, a highly rated investment-grade tenant. The lease commenced February 1, 1994, and has a remaining term of approximately 4.2 years, expiring January 31, 2029. One 5-year renewal option remains. The current annual rent is $68,424, representing a rent per square foot of $8.50, significantly below market value for comparable CVS assets. The asking price is $1,140,400, resulting in a 6.00% cap rate. The property boasts a 1% rent-to-sales ratio, indicating high profitability for the tenant, who has exercised three prior 5-year renewal options. The rent remains flat throughout the current term and any renewal option. The property is located in Eureka, the county seat of Woodford County, Illinois, within the Peoria, IL MSA, a market with a population exceeding 400,000. This offering represents a rare opportunity to acquire a well-performing CVS Pharmacy at a compelling price point in a stable market. The property is offered as a fee-simple ownership with no ground lease. Occupancy is currently 100%.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,440,000
- 6.5%
- $1,330,000
- 7%
- $1,235,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,092,000
Market price range: $324k - $1.09M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $770,000 Current use
- COMMERCIAL (GENERAL)
- $1,095,000 Change: +42% Conversion: Easy
- OFFICE BUILDING
- $1,085,000 Change: +40% Conversion: Easy
- RESTAURANT
- $920,000 Change: +20% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Eureka
- County
- Woodford
- State
- Illinois
- Longitude
- -89.278
- Latitude
- 40.7216
- CBSA code
- 37900
- CBSA name
- PEORIA, 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
2023
$20,230
$70,344
$186,259
$256,603
-
$211,032
$558,777
$769,809
