For Sale
$795,000

407 4Th St Dunlap, IL 61525

Multi-tenant retail building, high traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
133
This stabilized multi-tenant retail property at 407 S 4th St, Dunlap, IL 61525, offers a compelling investment opportunity. The 4,500 square foot building, constructed in 2014, sits on a 0.1-acre lot and features three units, currently at 66% occupancy. Two tenants, Smooth Sips and Debbie's Slots and Gaming Lounge, are currently operating within the building. Unit C is vacant and actively being marketed for lease. The property is zoned COMM and benefits from a high-traffic location directly across from Dunlap High School. County-approved plans exist to expand the property by adding a 3,000 square foot building and additional parking to the west side of the existing structure. The asking price is $795,000, translating to $176.67 per square foot. The property is a single-story building with a shared dumpster not included in the net operating income. Financial details are available upon request. This presents a strong opportunity for investors seeking a multi-tenant retail property in a desirable location with significant expansion potential.

Highlights

  • Strong multi-tenant occupancy including Smooth Sips and Debbie's Slots & Gaming Lounge.
  • Unit C, 3,000 SF, available for lease.
  • Approved plans for 3,000 SF addition with parking.

Property Details for 407 4Th St

Property type
Retail properties, Restaurants
Square Feet
4,500 SF
Year Built
2014
Buildings
1
Stories
1
Lot Size (sq. ft)
4,356 SF
Units
3

Location Insight

City
Dunlap
County
Peoria
State
Illinois
Latitude
40.856316767135
Longitude
-89.678240520486

FAQs

What type of property is this?
Retail property - Multi-tenant retail building, high traffic location.
Where is the retail property located?
The property is located at 407 4Th St Dunlap, IL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Strong multi-tenant occupancy including Smooth Sips and Debbie's Slots & Gaming Lounge.; Unit C, 3,000 SF, available for lease.; Approved plans for 3,000 SF addition with parking.
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
407 4Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message