651 S Madison St Local commercial 1 115 m² À vendre Lebanon, IL 62254 1 586 171 € (1 422,78 €/m²)

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!
11,742 Square Ft. Facility on 1.93 +/- Acres
Year Built: 2020
15’ Ceiling Height
3-Phase Electric
Large Open Space (Most recent use: Supermarket)
Warehouse Space
10’ X 12’ Overhead Garage Door
Staff Restroom
Large Office
Dual Entrance Foyer
Highly Visible with 170’ +/- of Frontage on
S. Madison St. (HWY 50 / IL Rte. 4)
Traffic Count: 14,800 VPD on HWY 50 / IL Rte. 4
Zoned C-1
TIF District
Enterprise Zone
Business District
Parcel No. 05-19.0-337-028 & 05-19.0-337-020
SALE PRICE: $1,850,000 ($157.55 Per SF)