1275-1281 N 7th St - Retail FOR SALE


Riverton, IL 62561
$1,700,000 USD
217-547-6650
1275-1281 N 7th St, Riverton, IL for Sale
$1,700,000 USD
Retail - FOR SALE
1/12
null | 7.06% Cap Rate

1275-1281 N 7th St
Riverton, IL 62561


HIGHLIGHTS

  • Core-Plus Grocery-Anchored Center
  • Value-Add 0.87 AC Pad Site
  • Strong, Service-Oriented Tenant Mix
  • Proven Stable Occupancy
  • Excellent Location in Springfield MSA
  • Attractive Demographics, Trade Area

OVERVIEW

Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to present an exceptional opportunity to acquire a Core-Plus Grocery-Anchored Shopping Center – 30,711square-foot retail center with an adjacent 0.87-acre pad site (the “Property”) in Riverton, IL, part of the Springfield MSA. The Property features a diverse mix of long-term, service-oriented, and e-commerce–resistant tenants, many of whom have occupied their spaces for years— showcasing both strong tenant loyalty and lasting community appeal. Built in 1979, the center has consistently maintained high occupancy levels, providing investors with stable income, and the 0.87-acre pad site offers additional upside and is ready for development. The site could support a range of uses—such as multifamily housing, an office or retail building, or a quick service restaurant (QSR)—creating opportunities to further expand the Property’s revenue base and overall value. Ideally located near the heart of Riverton, the Property benefits from close proximity to key community amenities including residential neighborhoods, schools, and churches. It is easily accessible via North 7th Street, with convenient connections to state routes and Interstate 72. The Property serves a trade area of more than 23,000 residents within a five-mile radius, with an average household income of over $104,000.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

7.06%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grocery-Anchored Neighborhood Shopping Center

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Drug Store, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

77

LAND DETAILS

CROSS STREETS

W Schneider St.

LAND ACRES

5.43 AC

LAND SF

236,531 SF

ZONING

C-1

APN/PARCEL ID

15-04.0-476-012,15-04.0-476-013

ASK ABOUT THIS PROPERTY

Blake Pryor, CCIMColdwell Banker Commercial Devonshire RealtyMore Info
217-547-6650

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Blake Pryor, CCIMColdwell Banker Commercial Devonshire RealtyMore Info
217-547-6650

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