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4311 E Lincolnway
Sterling, IL 61081

Auction:7/10 - 7/12: Pine Tree Plaza · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
58,209 SF
Building Class
C
Year Built
1998
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
9.55 AC
Zoning
Commercial
Parking
269 Spaces (2.96 Spaces per 1,000 SF Leased)

About 4311 E Lincolnway , Sterling, IL 61081

An Open House is scheduled for Wednesday, June 28th from 11am - 1pm. Additional property tours are available by appointment only. Please contact the listing brokers to schedule a tour. PROPERTY HIGHLIGHTS * The property is located at 4311 E. Lincolnway in Sterling, IL * This property is being offered as is with no representations or warranties * 58,209 SF strip shopping center built in 1998 anchored by Dollar Tree, Sally Beauty and GameStop * Tremendous upside with 42,109 SF unleased * Adjacent to a Super Walmart which attracts shoppers from a wide radius * Center is currently occupied by mainly national credit tenants INVESTMENT OVERVIEW * Located in the primary retail corridor for the area * Abundant parking with 291 spaces * Monument signage on Lincolnway Highway * Traffic counts on Lincolnway are 17,700 * Signalized access from two points on Lincolnway Highway * Existing long-term national tenants * Nearby retailers include Wal-Mart, Menards, Starbucks, Kohl's, Aldi, Blain's Farm & Fleet, Verizon Wireless and Aspen Dental * Payless is not part of the offering as this store will be closing soon along with 378 other stores as part of their bankruptcy filing Located in the primary retail corridor for the area. Abundant parking with 291 spaces. Monument signage on Lincolnway Highway. Traffic counts on Lincolnway are 17,700. Signalized access from two points on Lincolnway Highway. Existing long-term national tenants. Nearby retailers include Wal-Mart, Menards, Starbucks, Kohl' s, Aldi, Blain' s Farm & Fleet, Verizon Wirless and Aspen Dental. 65,690 people within a 15 mile radius.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1112376015
Land Assessment
$210,344
Improvements Assessment
$630,896
Total Assessment
$841,240
  • Listing ID: 7301597

  • Date on Market: 5/19/2017

  • Last Updated:

  • Address: 4311 E Lincolnway, Sterling, IL 61081

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