For Sale
$4,500,000

604 Main St Mahomet, IL 61853

Mahomet, IL Retail/Office Center - High Growth Area

Overview

Added:
Dec 11, 2024
Days on market:
133
WesPark Towne Center, a Class B, multi-tenant property in Mahomet, Illinois, presents a compelling investment opportunity. This 12,507 square foot, Net Leased (NNN) center, built in 2018, boasts a mix of executive office and shopping center spaces, currently operating at 75% occupancy. Seven individual units are available within this in-line center, strategically located in Mahomet's Central Business District, and zoned C-1. The asking price is $4,500,000, translating to $359.80 per square foot. The property benefits from its proximity to the University of Illinois (approximately 15 minutes away), serving a student population of 59,328. Convenient access to Champaign/Urbana is ensured via I-74 and US Hwy 150. This offering includes three adjacent, commercially zoned lots totaling approximately 1.5 acres, situated within the Mahomet CBD Tax Increment Financing (TIF) district, presenting significant development potential. The property's strong location within a growing market, combined with the NNN lease structure, makes it an attractive investment for discerning buyers. The existing tenants provide a stable income stream, while the additional land offers opportunities for future expansion and increased revenue.

Highlights

  • Retail/office space in a thriving in-line center.
  • Located in a Tax Increment Financing (TIF) district.
  • Three contiguous commercial lots totaling approximately 1.5 acres available for development.
  • 15-minute proximity to the University of Illinois (59,328 students).
  • Convenient access to Champaign/Urbana via I-74 and US Hwy 150.
  • NNN lease structure.

Property Details for 604 Main St

Property type
Lifestyle centers, Power centers
Square Feet
12,507 SF
Class
B
Year Built
2018
Units
7

Location Insight

City
Mahomet
County
Champaign
State
Illinois
Latitude
40.194262381541
Longitude
-88.40076243471

FAQs

What type of property is this?
Lifestyle center - Mahomet, IL Retail/Office Center - High Growth Area
Where is the lifestyle center located?
The property is located at 604 Main St Mahomet, IL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Retail/office space in a thriving in-line center.; Located in a Tax Increment Financing (TIF) district.; Three contiguous commercial lots totaling approximately 1.5 acres available for development.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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604 Main St
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