601 7Th St Wyoming, IL 61491

Property Details for 601 7Th St

Lot size

1.15 lot acres

Zone code

C-1 COMMERCIAL

Property type

Commercial real estate

APN

07-01-109-021

APU

701109021

Description

This exceptional investment opportunity presents a single-tenant, net-leased Dollar General storefront located at 601 S 7th St, Wyoming, IL 61491. The property boasts 9,014 square feet of net rentable space situated on a 1.15-acre lot, zoned C-1. Built in 2009, this Class B building enjoys a 100% occupancy rate with a credit-rated tenant under a lease commencing December 21, 2009, and expiring November 30, 2029. The current lease has approximately 5 years remaining, with three lease options available. The property generates a strong net operating income (NOI) of $76,234, resulting in an attractive 7.50% cap rate. This strategically located storefront offers excellent visibility and ample parking, making it an ideal investment for discerning buyers seeking a stable, high-return asset. The property's APN is 07-01-109-021. This is a rare opportunity to acquire a well-performing, investment-grade property in a desirable location. The asking price is $1,016,320.

Location Insight

City

Wyoming

County

Stark

State

Illinois

Longitude

-89.7725

Latitude

41.0549

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments