Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 320 S Adams Street, Manito, Mason County, Illinois 61546 (the “Property”). Formerly occupied by Family Dollar-Dollar Tree, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to acquire a highly visible, strategically positioned asset at a compelling basis. FIRST BID MEETS RESERVE!
Built in 2022, the Property consists of a ±10,590-square-foot, single-story free-standing retail building situated on ±41,979 square feet (±0.96 acres) with a concrete surface parking lot with 37 spaces. The site is strategically positioned with ±264 feet of frontage along S Adams Street ensuring accessibility. Previously operated as a dual-store format, the Property was leased to Family Dollar-Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating retail rents of $7–$8/SF NNN. Zoned C (Commercial District), the Property accommodates a wide range of commercial uses, enhancing its appeal to both a diverse variety of end-users and investors alike.
Manito, Illinois is a village in northern Mason County (approximately 30?minutes south of Peoria) that offers commercial real-estate developers a cost-effective entry point into central Illinois. The area is agriculturally rich—with center-pivot irrigation drawing from the Mahomet-Teays aquifer - and supports regional demand for farm services, equipment suppliers, and convenience retail. Surrounding traffic generators include Dollar General, Subway, Manito Pharmacy, along with local restaurants, service providers, and civic institutions that generate consistent daily traffic. With over 10,149 residents and an average household income of ±$75,407 within a 10-mile radius, the area sustains reliable demand for retail, restaurant, and professional service users.