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Off Market
1/11

939-959 W Jackson St
Morton, IL 61550


HIGHLIGHTS

  • Multi-Tenant Retail Center with strong co-tenants including ATI, Verizon and Pizza Hut
  • In-place NOI of $106,908 at its current 58% occupancy with value-add potential
  • The center is part of a larger development with Kroger, CVS, Starbucks, KFC, and Great Clips

OVERVIEW

Building Size: 20,000 SF Lot Size: 2.3 Acres Year Built: 2000 Zoning: B-2 Market: Peoria VPD# 61,000 VPD Submarket: Outlying Tazewell County Morton Plaza is a multi-tenant retail center, shadow anchored by Kroger, along the south side of West Jackson Street in Morton, Illinois. The center is located directly south of Interstate-74, providing convenient access to neighboring towns as well as the entire interstate system including Interstate-55. The center, built in 2000, produces an NOI of $106,908 at a 58% occupancy rate. The center features a dynamic mix of national and local tenants including ATI Physical Therapy, Verizon Wireless, Pizza Hut, H&R Block, Okinawan Karate, and Platinum Nails. The center is part of a larger development including CVS/Pharmacy, Kroger, Starbucks, KFC, and Great Clips, among others. The property features pylon signage, visibility and exposure to 60,000+ VPD along I-74, and plenty of parking on-site. Excellent opportunity to purchase a cash upside potential and a motivated Seller. Other neighboring retailers include Walmart, Dollar Tree, PNC Bank, Dunkin Donuts, Taco Bell, and Blain's Farm & Fleet, among others.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Jackson Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

20200

STORIES

1

YEAR BUILT

2001

SPRINKLERS

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PARKING SPACES

106

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

06-06-17-202-003