651 S Madison St - Auto Dealership FOR SALE


Lebanon, IL 62254
$1,850,000 USD
618-444-3888
651 S Madison St, Lebanon, IL for Sale
$1,850,000 USD
Auto Dealership - FOR SALE
1/2
null | Request Cap Rate

651 S Madison St
Lebanon, IL 62254


OVERVIEW

Introducing a prime investment opportunity at 651 S. Madison Street, Lebanon, IL 62254 - the renowned Don's IGA Retail Facility. This 11,742 SF property sits on a sprawling 1.93-acre lot, boasting a modern build from 2020. Prominently located with 170’+ of frontage on S. Madison St., this property offers high visibility and a traffic count of 14,800 VPD on HWY 50 / IL Rte. 4. The site is zoned C-1 and benefits from being in a TIF District and Enterprise Zone within the Business District. Featuring a spacious layout with a large open area, warehouse space, 15’ ceilings, 3-phase electric, and a dual entrance foyer, this facility is perfect for retail or commercial use. Priced at $1,850,000 ($157.55 per SF), this property presents an exceptional opportunity for savvy investors. Don't miss out on making this prime retail property your next successful venture in Lebanon! 11,742 Square Ft. Facility on 1.93 +/- Acres Year Built: 2020 15’ Ceiling Height 3-Phase Electric Large Open Space (Most recent use: Supermarket) Warehouse Space 10’ X 12’ Overhead Garage Door Staff Restroom Large Office Dual Entrance Foyer Highly Visible with 170’ +/- of Frontage on S. Madison St. (HWY 50 / IL Rte. 4) Traffic Count: 14,800 VPD on HWY 50 / IL Rte. 4 Zoned C-1 TIF District Enterprise Zone Business District Parcel No. 05-19.0-337-028 & 05-19.0-337-020 SALE PRICE: $1,850,000 ($157.55 Per SF)

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

undefined, Day Care Center, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

83,924 SF

ZONING

C-1

APN/PARCEL ID

05-19-0-337-028,05-19.0-337-020

ASK ABOUT THIS PROPERTY

Linda MillerRe/Max Preferred CommercialMore Info
618-444-3888

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Linda MillerRe/Max Preferred CommercialMore Info
618-444-3888

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