651 S Madison St - Retail FOR SALE


Lebanon, IL 62254
$2,900,000 USD
618-277-4400
651 S Madison St, Lebanon, IL for Sale
$2,900,000 USD
Retail - FOR SALE
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null | Request Cap Rate

651 S Madison St
Lebanon, IL 62254


OVERVIEW

12,000-square-foot facility features a dual-entrance foyer that guides customers into a thoughtfully designed retail space. The front area showcases a professional reception counter strategically positioned near modern restroom facilities and an expansive office suite. The warehouse space offers a 10' x 12' overhead drive-in door. Within this space there is an additional staff restroom. The building has uniform 15-foot ceiling heights throughout, maximizing vertical storage and display potential. The property is equipped with 3-phase power infrastructure. All (FF&E) Furniture, fixtures and equipment are negotiable. The subject is located along the west side of South Madison Street (Illinois Route 4). The surrounding and nearby uses include a Dollar General store, McDonald’s restaurant, Mexican style restaurant, convenience store, and Ace Hardware store. There is a public school to the northwest. There is a historic shopping district located along St. Louis Street (also known as The Brick Street) where there is a mixture of antique stores, quaint shops, restaurants, The Mermaid House Inn, Looking Glass Playhouse, Visitor’s Center, and others. Horner Park offers 58-acres of wooded and rolling land including a large fishing lake, baseball and softball fields, tennis courts, horseshoe courts, pavilions, and a walking path. According to the 2020 Census, Lebanon’s population was estimated at 4,691, which was up from the 2010 figure of 4,418. There is one public high school and one public elementary/middle school in Lebanon. Lebanon is home to McKendree University which was founded in 1828. Highway transportation facilities are considered excellent. Major highways within a five-mile radius include Interstates 64, 70, and 55; Illinois Routes 4, 50, and 158; and many secondary routes. Lebanon is affected by the activities at nearby Scott Air Force Base. The Base is the fourth largest employer in the St. Louis area and contributes 1.6 billion dollars annually to the region’s economy.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$242 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

83,924 SF

ZONING

C1

APN/PARCEL ID

05-19-0-337-028,05-19.0-337-020

ASK ABOUT THIS PROPERTY

Joe HardinBarberMurphy GroupMore Info
618-277-4400

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Joe HardinBarberMurphy GroupMore Info
618-277-4400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.