Midtowne Plaza Office/Retail Condo

SaleOfficeRetail 6,000 SF

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Property Highlights

401 N Keller Dr Unit 2 and 3
Effingham, IL 62401

Price: $1,200,000

Available Space: 6,000 SF

Parking: 65 Spaces

Tax PIN: 03-11-020-125

RE: $23,337.20 (2024)

Year Built: 2010

Documents

Offering Memorandum

Site Plan

Property Description

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.

Area 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.

Map

201 W Springfield Ave, 11th floor Champaign, IL 61820 | 217-352-7712

www.CBCDR.com

The information found within this brochure is for informational purposes only, and is not audited, warranted or in any fashion guaranteed by Coldwell Banker Commercial Devonshire Realty. It is subject to verification and no liability for errors or omissions is assumed. Notice of Agency: Coldwell Banker Commercial Devonshire Realty is the exclusive agent for the seller/lessor and therefore represents the seller/lessor, unless expressed otherwise in writing with the parties to a transaction.