Neighborhood Center Investment

SaleInvestment 20,150 SF
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1302 - 1320 N Michigan Ave
Marshall, IL 62441
Price: $1,135,000
Building Size: 20,150 SF
Lot Size (sqft): 62,094 SF Lot Size
Lot Size (acre): 1.43 AC
Lot Dim.: 262 x 237
Parking: 70 Spaces
Zoning: Commercial
Tax PIN: 08 08 13 06 103 027
RE: $13,224.16 - 2020
Year Built: 1980

Property Description

Introducing Marshall’s premier neighborhood center, a thriving hub that has been generating steady cash flow since 1980. Boasting an exceptional location and a well-rounded tenant mix, this property has recently undergone over $250,000 in upgrades, ensuring it remains a top destination for shoppers in the area.

The upgrades include a brand-new façade, freshly paved parking lot, modern rain gutters, pressure washing, lit walkways, and updated signage that significantly enhance the property’s curb appeal. Additionally, several HVAC units have been installed to ensure that the center provides a comfortable shopping experience to all its visitors.

The center’s diverse mixture of tenants caters to the varying needs of the local community, drawing shoppers from Marshall and the surrounding rural areas. From popular chain stores to independent businesses, there is something for everyone here. The center’s long-standing success and recent upgrades make it a solid investment opportunity for discerning buyers looking to add a valuable asset to their real estate portfolio.

Don’t miss out on this fantastic opportunity to own a well-maintained and profitable property in Marshall’s only neighborhood center. Schedule a showing today and see for yourself why this property is a true gem!

Owner is licensed real estate broker.

Area Description

Marshall, situated around 20 miles west of Terre Haute, Indiana, serves as the county seat of Clark County. As of the 2020 census, the population of Marshall stood at 3,947 individuals. The Marshall Square Retail Center is strategically located on Michigan Avenue (St. Rt. 1), which serves as the main North/South corridor for the town and experiences a daily traffic volume of 8,900 vehicles. Moreover, the center’s proximity to I-74, just 1.25 miles south, and the downtown district, .65 miles north, makes it an easily accessible and convenient commercial destination.