601 N Commercial St - Retail FOR SALE


Harrisburg, IL 62946
$1,800,000 USD
314-322-2510
601 N Commercial St, Harrisburg, IL for Sale
$1,800,000 USD
Retail - FOR SALE
1/5
null | 9.27% Cap Rate

NEW


601 N Commercial St
Harrisburg, IL 62946


HIGHLIGHTS

  • 28,320 square feet
  • Kroger + Tractor Supply Shadow Anchored
  • 69% Occupied
  • NNN Leases
  • 8,800 SF for Lease
  • NOI of $166,871 (2025)

OVERVIEW

Manor Real Estate is pleased to present the opportunity to acquire a 100% fee simple interest in a two (2) property portfolio within Harrisburg, Illinois (“The Properties”), comprised of Shawnee Square and Arrowhead Point Shopping Centers. Shawnee Square is a 28,320 square foot Kroger shadow-anchored retail center with 69% occupancy. The shopping center was extensively renovated in 2024 with a new TPO roof and modern new façade. Strategically positioned between two (2) high volume anchors, Kroger and Tractor Supply, Shawnee Square benefits from an excellent tenant mix, strong daily traffic and access to North Commercial Street, Harrisburg’s dominant retail corridor. Arrowhead Point is a fully-vacant 44,000sf retail center on approximately 13.21 acres. The potential is enormous. Shadow anchored by a top performing Rural King, this site offers tremendous redevelopment potential at a land basis of $0.87 per square foot! With existing access, functional parking field, utility infrastructure and neighboring anchors – the ground up or renovation economics are highly attractive to a developer. The Properties are being offered solely as a package for $2,300,000 ($31.80 PSF).

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$21 USD /SF

CAP RATE

9.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Shawnee Square

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

375

LAND DETAILS

CROSS STREETS

Rtes. 45 & 13

LAND ACRES

8 AC

LAND SF

348,480 SF

ZONING

-

APN/PARCEL ID

06-1-086-09

ASK ABOUT THIS PROPERTY

Eddie CherryManor Real EstateMore Info
314-322-2510

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Eddie CherryManor Real EstateMore Info
314-322-2510

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