651 S Madison St
Retail | 0.00% CAP | 11,742 SqFt
Marketing description
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!
Investment highlights
- 1.93 +/- Acres
- 11,742 Square Ft. Facility
- Year Built: 2020
- Concrete / Masonry Construction
- Reinforced Concrete Floor
- 15’ Ceiling Height
- 3-Phase Electric
- LED Lighting
- Asphalt Parking (46 Spaces)
- Large Open Space (Most recent use: Supermarket)
- Warehouse Space
- 10’ X 12’ Overhead Garage Drive-In Door
- Staff Restroom
- Large Office
- Dual Entrance Foyer
- Men & Women Restrooms
- Taxes (2024 due in 2025): $31,857.12 05-19.0-337-020 $ 2,418.30 05-19.0-337-028
- Utilities: Water & Sewer, City of Lebanon Electric & Gas, Ameren IL
- FFE (Furniture, Fixtures & Equipment) not included
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