3103 Illinois Route 176 presents an opportunity to acquire a multi-tenant retail center positioned at a signalized intersection in Prairie Grove, Illinois. The property consists of a five-unit retail center with a mix of occupied and vacant space, offering flexibility for an owner-user, investor, or value-add repositioning strategy. The center includes a restaurant tenant with a drive-thru operating on a month-to-month lease, while the remaining vacant units provide opportunities for lease-up and future income growth.
The property's layout supports a variety of permitted commercial uses, including retail, office, and fitness-related operations. Special use allowances include automotive sales and service, veterinary clinics, and dog kennels, creating flexibility for future tenancy and business concepts. A former car wash space includes four drive-in doors, and equipment has been removed, allowing for redevelopment or adaptation to a range of commercial uses.
Located along Illinois Route 176 at a signalized intersection, the property benefits from visibility, accessibility, and established traffic patterns. Ample on-site parking and pole signage further enhance exposure for tenants and visitors. The combination of existing tenancy, vacant space, flexible zoning, and seller financing consideration creates multiple pathways for investment and operational value creation.