REIT Sale | Former Family Dollar & Dollar Tree | 2022 Built | Peoria MSA

Highlights:

• 10,590 SF Freestanding Value-Add Retail on 0.96 Acres Available at Substantial Discount Below Replacement Cost
• Built in 2022; Former Family Dollar & Dollar Tree Combo Store with Open Floor, Rear Storage Room, and Side Door for Deliveries
• Surrounding Traffic Generators: Dollar General, Subway, Manito Pharmacy, and more
• Strategic Frontage and Visibility on S Adams Street | 26-mi from Peoria, IL
• Attractive Demographics with Population of ±10,149 and Annual Household Income of ±$75,407 (10-mile radius)
• Zoned C, Commercial District with a Variety of Commercial Uses

Description:

Ri Marketplace Online Auction December 8th - 10th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2767/reit-sale-former-family-dollar-dollar-tree-2022-built-peoria-msa?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2767


Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 320 S Adams Street, Manito, Mason County, Illinois 61546 (the “Property”). Formerly occupied by Family Dollar-Dollar Tree, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to acquire a highly visible, strategically positioned asset at a compelling basis. FIRST BID MEETS RESERVE!

Built in 2022, the Property consists of a ±10,590-square-foot, single-story free-standing retail building situated on ±41,979 square feet (±0.96 acres) with a concrete surface parking lot with 37 spaces. The site is strategically positioned with ±264 feet of frontage along S Adams Street ensuring accessibility. Previously operated as a dual-store format, the Property was leased to Family Dollar-Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating retail rents of $7–$8/SF NNN. Zoned C (Commercial District), the Property accommodates a wide range of commercial uses, enhancing its appeal to both a diverse variety of end-users and investors alike.

Manito, Illinois is a village in northern Mason County (approximately 30 minutes south of Peoria) that offers commercial real‑estate developers a cost‑effective entry point into central Illinois. The area is agriculturally rich—with center‑pivot irrigation drawing from the Mahomet‑Teays aquifer - and supports regional demand for farm services, equipment suppliers, and convenience retail. Surrounding traffic generators include Dollar General, Subway, Manito Pharmacy, along with local restaurants, service providers, and civic institutions that generate consistent daily traffic. With over 10,149 residents and an average household income of ±$75,407 within a 10-mile radius, the area sustains reliable demand for retail, restaurant, and professional service users.


Scott Bowers
c/o Fisher Auction Company Inc.
License: 040000273
The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

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