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First Midwest Bank 324 E Main St 6,731 SF of Retail Space Available in Knoxville, IL 61448
HIGHLIGHTS
- Monument signage with exposure to ~6,600 vehicles/day
- 33 on-site surface parking spaces for customer convenience
- Surrounded by national and local retailers in downtown Knoxville
- Two existing drive-thru lanes ideal for QSR or banking
- Less than one mile from Interstate 74 for regional access
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,731 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Positioned prominently along Knoxville’s Main Street corridor, 324 E. Main Street offers a high-visibility retail opportunity in a well-trafficked area with direct access to U.S. Route 150 and Interstate 74. Formerly a First Midwest Bank, this 6,731-square-foot single-tenant building sits on a 1.04-acre parcel and is zoned CORP, making it ideal for a variety of retail or service uses. The property features two existing drive-thru lanes, monument signage with exposure to approximately 6,600 vehicles per day, and 33 surface-level parking spaces. Located near the intersection of East Main Street and South Broad Street, the site benefits from strong visibility and proximity to Knoxville’s downtown amenities, schools, and dining options. Surrounding retailers include national brands like McDonald's, Dollar General, Taco Bell, and Hardee’s, as well as local favorites such as Stir Coffee, Big Catz BBQ, and Alfano’s Pizzeria. This mix of co-tenancy enhances foot traffic and positions the property as a strategic location for businesses seeking a strong community presence. With a demographic profile showing nearly 40,000 residents within a 10-mile radius and average household incomes exceeding $70,000, the site offers a compelling opportunity for operators looking to tap into a stable and diverse consumer base.
- Fully Built-Out as a Bank
- Space is an outparcel at this property
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 6,731 SF | Gross Leasable Area | 6,731 SF |
| Property Type | Retail | Year Built | 1978 |
| Property Subtype | Bank | Parking Ratio | 4.9/1,000 SF |
| Total Space Available | 6,731 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 6,731 SF |
| Year Built | 1978 |
| Parking Ratio | 4.9/1,000 SF |
ABOUT THE PROPERTY
324 E Main Street is a 6,731 square foot single-tenant retail building prominently positioned along Main Street in Knoxville, Illinois. Formerly First Midwest Bank, the Property is zoned CORP and sits on a 1.04-acre parcel with 33 surface level parking spaces on-site. The Property is located near the intersection of East Main Street and South Broad Street, providing strong visibility, steady traffic counts, and direct access to both U.S. Route 150 and Interstate 74. Additionally, the Property benefits from its proximity to schools, dining, and community amenities within downtown Knoxville. Neighboring retailers include Hy-Vee Grocery Store, Dollar General, McDonald’s, Hardee’s, Taco Bell, Charleys Cheesesteak’s, Stir Coffee, The Beehive, Big Catz BBQ, and Alfano’s Pizzeria, among many others.
- Signage
- Drive Thru
CONTACTS
-
Matt Tarshis -
Andrew Rubin -
Zack Pearlstein -
Andrew Picchietti -
Andrew Slovis -
Frontline Real Estate Partners
Presented by
First Midwest Bank | 324 E Main St
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