Property profile

701 Commercial St Harrisburg, IL 62946

OFF-MARKET
Other commercial real estate
Property ID
US28-4117819
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a two-center retail portfolio located in Harrisburg, Illinois, comprising Shawnee Square Shopping Center and Arrowhead Point Shopping Center. Shawnee Square is a 28,320-square-foot, Kroger shadow-anchored retail center with approximately 69% occupancy; it underwent extensive renovations in 2024, including a replacement TPO roof and an updated modern façade. The center is positioned between Kroger and Tractor Supply with access to North Commercial Street and a tenant mix arranged to support day-to-day retail activity. Arrowhead Point is a 44,000-square-foot retail center on approximately 13.21 acres and was fully vacant at the time of the listing; it is shadow-anchored by Rural King and includes existing access, a functional parking field, and utility infrastructure, supporting redevelopment or renovation of the existing improvements or ground-up development.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
APN 06-2-503-08
UPID US28-4117819

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Radio Station Telecommunications Service
  • Cinema Theater & Performing Art Venue
  • Big Box & Wholesale Store Agricultural Supply
  • Music Venue Bar & Pub
  • Gun Shop

Location

701 Commercial St Harrisburg, IL 62946-2347
Harrisburg metro Census 955900 HARRISBURG, IL MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2025
5 recorded transactions
2025
Price N/A
2024
Price N/A
2016
$3.6M
2014
Price N/A
2005
$58,207

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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