For Sale
$1,175,000

260 State St Hampshire, IL 60140

High-yield retail investment; 9 fully leased units.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
Exceptional investment opportunity in Hampshire, IL, featuring a 10,750 square foot retail strip mall situated on 195 feet of prime frontage along the central business district's State Street. This Class B property, built in 1955 with a new roof, boasts nine fully leased units, including four newly constructed units (2006) and four remodeled units within the original 1.5-story building. The diverse tenant mix includes a pharmacy, eye doctor, employment agency, photographer, restaurant, and office spaces, ensuring a stable income stream. Ample onsite parking accommodates 30+ vehicles, and the property benefits from professional landscaping. The property is zoned B-1 and features a Kane County APN of 0121427008. The asking price is $1,175,000, translating to $109.30 per square foot. This is a rare opportunity to acquire a well-maintained, high-performing retail center with long-term tenants in a thriving business district. The property's strong occupancy rate and desirable location make it an ideal addition to any investment portfolio. This one-story building offers excellent visibility and accessibility.

Highlights

  • $1,175,000 asking price for a 10,750 square foot retail storefront.
  • Nine fully leased units in a Class B building.
  • On-site parking for 30+ vehicles.
  • Professionally landscaped with a new roof.
  • High visibility location with 195 feet of frontage on Hampshire's central business district.

Property Details for 260 State St

Property type
Retail properties, Retail space
Square Feet
10,750 SF
Class
B
Year Built
1955
Stories
1
Units
9

Location Insight

City
Hampshire
County
Kane
State
Illinois
Latitude
42.1005193
Longitude
-88.5305749

FAQs

What type of property is this?
Retail property - High-yield retail investment; 9 fully leased units.
Where is the retail property located?
The property is located at 260 State St Hampshire, IL.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: $1,175,000 asking price for a 10,750 square foot retail storefront.; Nine fully leased units in a Class B building.; On-site parking for 30+ vehicles.
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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260 State St
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