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401 N Keller Dr
Effingham, IL 62401
Midtowne Plaza Office/Retail Condo · Retail Property For Sale
Executive Summary
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.
*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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,000 SF
Building Class
C
Year Built
2010
Price
$1,668,324 CAD
Price Per SF
$278.05 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.26 AC
Opportunity Zone
Yes
Zoning
B1 - Neighborhood Shop
Parking
65 Spaces (6.5 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Tenant Controlled HVAC
Property Taxes
| Parcel Number | 0311020125 | Improvements Assessment | $329,520 CAD |
| Land Assessment | $148,413 CAD | Total Assessment | $477,934 CAD |
Property Taxes
Parcel Number
0311020125
Land Assessment
$148,413 CAD
Improvements Assessment
$329,520 CAD
Total Assessment
$477,934 CAD
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