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Property profile & analytics
FOR SALE
Grocery and convenience stores
651 S Madison St Lebanon, IL 62254
Entity Owned
7-yr Hold
Property ID
US28-3312776
For Sale
1 / 11
$1,850,000
651 S Madison St, Lebanon, IL 62254
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Property summary
AI-generated overview
Introducing a prime investment opportunity at 651 S. Madison Street, Lebanon, IL 62254 - the renowned Don's IGA Retail Facility. This 11,742 SF property sits on a sprawling 1.93-acre lot, boasting a modern build from 2020. Prominently located with 170’+ of frontage on S. Madison St., this property offers high visibility and a traffic count of 14,800 VPD on HWY 50 / IL Rte. 4. The site is zoned C-1 and benefits from being in a TIF District and Enterprise Zone within the Business District. Featuring a spacious layout with a large open area, warehouse space, 15’ ceilings, 3-phase electric, and a dual entrance foyer, this facility is perfect for retail or commercial use. Priced at $1,850,000 ($157.55 per SF), this property presents an exceptional opportunity for savvy investors. Don't miss out on making this prime retail property your next successful venture in Lebanon!
Property profile
Verified
Property type
Grocery and convenience stores
Total area
11,742 SF
UPID
US28-3312776
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Don’s IGA Grocery & Convenience Store Food Market
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Coin Cloud Bitcoin ATM Atm Crypto Atm
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Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Elbe Ents INC · 7 yrs held
Elbe Ents INC
since 2019
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Comparables
5 recent transactions · within 1.5 miComparable in this city
5 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Status
For Sale
Total area
11,742 SF
UPID
US28-3312776
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Current owner
From public records · entity-resolved
Elbe Ents INC
Entity
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2019
—
Elbe Ents INC
Elbe Donald G Living Trust
Quitclaim Deed
related
$2,540,000 · First Nat'l Bk/waterloo
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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