701 N Elida St - Retail FOR SALE


Winnebago, IL 61088
$863,000 USD
405-205-8489
701 N Elida St, Winnebago, IL for Sale
$863,000 USD
Retail - FOR SALE
1/13
null | 7.25% Cap Rate

701 N Elida St
Winnebago, IL 61088


HIGHLIGHTS

  • Winnebago Strip Center is 69% occupied by Athletico, with initial term through 2030 set to increase 10% in 2025.
  • The subject property is prominently positioned in front of the only grocery store and hardware store for over 10 miles.
  • Strong Area Incomes: $112,731 Average Household Income within 3-Mile radius.
  • Attractive Medical Tenant: Athletico is one of the largest physical therapy providers in the country.

OVERVIEW

As the exclusive agent of the owner, SHOP Companies is pleased to offer Winnebago Strip Center, a 3,600 SF (GLA) two-tenant retail strip center located in Winnebago, IL. A prominent outparcel to Sullivan’s Foods and Ace Hardware, the center is 70% occupied by Athletico through March 2030, with rent increasing by 10% in March 2025. The center includes 1,100 SF vacancy, representing additional upside. The property is prominently located in front of the only grocery and hardware stores in Winnebago and across from the only pharmacy, Snyders, and MercyHealth physician offices. Several surrounding pad sites are being marketed for development (inquire with broker). This retail corridor benefits from strong area incomes, including $112,731 average household incomes within a 3-mile radius. Athletico, founded in 1991, currently operates 900+ locations and is one of the largest physical therapy providers in the country. Winnebago is located a few miles west of Rockford, IL. In Association with ParaSell, Inc. | Costa Mesa, California | A Licensed Illinois Broker #478027307

FOR SALE DETAILS

PRICE

$863,000 USD

PRICE/SF

$208 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Winnebago Strip Center - Winnebago, IL

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Will LightfootSHOP CompaniesMore Info
405-205-8489

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Will LightfootSHOP CompaniesMore Info
405-205-8489

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