715 Mccambridge Ave Madison, IL 62060
Property profile & analytics
715 Mccambridge Ave Madison, IL 62060
- Commercial land
- 0.02 lot acres
Property ID
US28-1624120
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
- Commercial land
Property Details for 715 Mccambridge Ave
- Lot size
- 0.02 lot acres
- Property type
- Commercial land
- APN
- 21-2-19-25-12-206-003
- APU
- 212192512206003
Description
This exceptional investment opportunity presents a freestanding Family Dollar store located at 715 Mccambridge Ave, Madison, IL 62060. The property boasts a 9,180 square foot building on a 1.86-acre lot, constructed in 2017. Currently operating under a triple-net (NNN) lease with zero landlord responsibilities, the lease commenced November 29, 2016, and extends until March 31, 2032, with six five-year renewal options. The asking price is $1,714,285, representing a 7.00% cap rate and a price per square foot of $186.74. The property enjoys a 100% occupancy rate, generating a net operating income (NOI) of $120,000. The tenant, Family Dollar, is a credit-rated, essential retailer, demonstrating resilience against economic downturns. The property benefits from a high-traffic location, with over 15,500 vehicles passing daily, and a strong demographic profile, including over 24,000 residents within a three-mile radius and over 100,000 within five miles. The lease includes a 10% rent increase during the final five years of the base term. The site is conveniently located within 15 miles (a 24-minute drive) of St. Louis Lambert International Airport, situated in the top 25 U.S. MSAs (St. Louis, MO MSA, ranked #23). Projected population growth within a one-mile radius is +2.30% through 2029. This is a rare opportunity to acquire a stable, high-performing retail investment with significant long-term potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,695,000
- ML approach
- $1,910,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Madison
- State
- Illinois
- Longitude
- -90.1485
- Latitude
- 38.6838
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-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
$55
$420
$0.00
$420
-
$1,260
$0.00
$1,260
