1219 E Cedar St - Storefront Retail/Office FOR SALE


New Baden, IL 62265
$2,700,000 USD
618-670-2422
1219 E Cedar St, New Baden, IL for Sale
$2,700,000 USD
Storefront Retail/Office - FOR SALE
1/34
null | Request Cap Rate

1219 E Cedar St
New Baden, IL 62265


OVERVIEW

Here is a unique opportunity for a new construction commercial retail center. It is known to the public as the New Baden Center. The building has roughly 9000 sq ft of space to be utilized. It has been laid out for up to seven retail spaces. Six of those spaces are slated to be 1000 sq ft each. With one of the six currently rented out to State Farm Insurance, suite #2. The remaining 3000 sq ft, Suite #1, has been designed by the builder/owner for a future specialized construction trade distribution center. If the property sells before it opens seller will consider not moving in if new owners need this extra space. If the property sells after Suite #1 opens, the current owner will gladly enter into a rental agreement for multiple years with the new owners. Currently Suite #3 has space laid out for the next 1000 sq ft unit. Just waiting on the next business to make that space their own. Multiple businesses have reached out and are considering this unit. The remaining 4000 sq ft has an open layout as seen in pictures to be more flexible for a larger business. So, if you have been considering building for your business but are having trouble with the land purchase and building plans, maybe this could be the place for your company to land. Use what you need and then collect rents for the rest of the building. Asking listing price is based on the projected costs of finishing out each unit by final sale. Types of business that move in could vary the sales price significantly to the plus or the minus side. Seller/builder is welcome to custom making each space fit the needs of the renters. As well as an option to finishing the space that may be needed for a purchaser before closing. The Village of New Baden is currently building a new Village Hall, Police Department, & Emergency Services complex across the street. So, the traffic count should pick up once the project is complete Summer of 2026.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$284 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

New Baden Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

undefined, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,439 SF

ZONING

C

APN/PARCEL ID

11-10-18-254-022

ASK ABOUT THIS PROPERTY

Jay KehrerThe Kehrer Team @ Strano & Associates Real EstateMore Info
618-670-2422

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Jay KehrerThe Kehrer Team @ Strano & Associates Real EstateMore Info
618-670-2422

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.