1219 E Cedar Street, New Baden, IL 62265
sale
$2,700,000
|
Retail
Courtesy Of Strano & Associates
Here is a unique opportunity for a new construction commercial retail center. It is known to the public as the New Baden Center. The building has roughly 9000 sq ft of space to be utilized. It has been laid out for up to seven retail spaces. Six of those spaces are slated to be 1000 sq ft each. With one of the six currently rented out to State Farm Insurance, suite #2. The remaining 3000 sq ft, Suite #1, has been designed by the builder/owner for a future specialized construction trade distribution center. If the property sells before it opens seller will consider not moving in if new owners need this extra space. If the property sells after Suite #1 opens, the current owner will gladly enter into a rental agreement for multiple years with the new owners. Currently Suite #3 has space laid out for the next 1000 sq ft unit. Just waiting on the next business to make that space their own. Multiple businesses have reached out and are considering this unit. The remaining 4000 sq ft has an open layout as seen in pictures to be more flexible for a larger business. So, if you have been considering building for your business but are having trouble with the land purchase and building plans, maybe this could be the place for your company to land. Use what you need and then collect rents for the rest of the building. Asking listing price is based on the projected costs of finishing out each unit by final sale. Types of business that move in could vary the sales price significantly to the plus or the minus side. Seller/builder is welcome to custom making each space fit the needs of the renters. As well as an option to finishing the space that may be needed for a purchaser before closing. The Village of New Baden is currently building a new Village Hall, Police Department, & Emergency Services complex across the street. So, the traffic count should pick up once the project is complete Summer of 2026.
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Property Features
- Age: 1-5 Years Old
- Architecture Style: Other
- Cooling System: Electric
- Cooling System: Central Air
- Cooling System: ENERGY STAR Qualified Equipment
- Heating System: Forced Air
- Heating System: Natural Gas
- MLSID: 26003328
- Parking Spaces: 35
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