Midtowne Plaza Office/Retail Condo
$1,200,000
401 N Keller Dr Unit 2 and 3, Effingham, IL 62401
6,000 sqft
Building Size
2010
Year Built
Details:
Highlights:
- Annual Tax: $ 23337.2
Description:
The subject property is located along North Keller Drive a main arterial road in Effingham that has over 17,000 vehicles per daypass by it. The center is anchored by Carle Clinic, Jimmy John’s, & Ten Brooke LeAnne Boutique. Effingham is the Crossroads of America and has Interstate 70 and 57 running through it, which boasts over 42,000 vehicles per day. The subject property is located less than a half mile from the interstate.
Offering the middle two condo units for sale, which total 6,000 SF. Suite 2 is 2,000 SF and currently vacant and ready for occupancy, and Suite 3 is occupied by Carle Clinic, which is a regional healthcare provider with a”AA” investment grade credit. Carle has been a long standingtenant of the center since it was constructed in 2010. The NOI for 2025 was $87,320, which the last four months in 2025 Unit 2 was vacant and produced no income. If Suite 2 was occupied for all of 2025 the NOI would have been around $102,320. This condo unit would be a great investment for an owner operator. *Property is Broker owned.
Listing ID: 3d9d7013-1c97-4e9b-91f4-b2ddfcc4a6af
Documents:
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| Site Plan | ||
| Offering Memorandum |
Location
Gallery
