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701 N Commercial St
Harrisburg, IL 62946
Arrowhead Point Shopping Center · Retail Property For Sale
Investment Highlights
- 44,000 square feet
- 13.21 Acres
- Major Renovation or Redevelopment Opportunity. Existing parking utility, access, anchor, pylon, infrastructure
- Rural King + Showplace Cinemas Shadow Anchored
- 100% Vacant
- $500,000 = $0.87 PSF Land Basis OR $11.36 PSF on Building
Executive Summary
Manor Real Estate is pleased to present the opportunity to acquire a 100% fee simple interest in a two (2) property portfolio within Harrisburg, Illinois (“The Properties”), comprised of Shawnee Square and Arrowhead Point Shopping Centers.
Shawnee Square is a 28,320 square foot Kroger shadow-anchored retail center with 69% occupancy. The shopping center was extensively renovated in 2024 with a new TPO roof and modern new façade. Strategically positioned between two (2) high volume anchors, Kroger and Tractor Supply, Shawnee Square benefits from an excellent tenant mix, strong daily traffic and access to North Commercial Street, Harrisburg’s dominant retail corridor.
Arrowhead Point is a fully-vacant 44,000sf retail center on approximately 13.21 acres. The potential is enormous. Shadow anchored by a top performing Rural King, this site offers tremendous redevelopment potential at a land basis of $0.87 per square foot! With existing access, functional parking field, utility infrastructure and neighboring anchors – the ground up or renovation economics are highly attractive to a developer.
The Properties are being offered solely as a package for $2,300,000 ($31.80 PSF).
Shawnee Square is a 28,320 square foot Kroger shadow-anchored retail center with 69% occupancy. The shopping center was extensively renovated in 2024 with a new TPO roof and modern new façade. Strategically positioned between two (2) high volume anchors, Kroger and Tractor Supply, Shawnee Square benefits from an excellent tenant mix, strong daily traffic and access to North Commercial Street, Harrisburg’s dominant retail corridor.
Arrowhead Point is a fully-vacant 44,000sf retail center on approximately 13.21 acres. The potential is enormous. Shadow anchored by a top performing Rural King, this site offers tremendous redevelopment potential at a land basis of $0.87 per square foot! With existing access, functional parking field, utility infrastructure and neighboring anchors – the ground up or renovation economics are highly attractive to a developer.
The Properties are being offered solely as a package for $2,300,000 ($31.80 PSF).
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
167,474 SF
Building Class
C
Year Built
1991
Price
$684,535 CAD
Price Per SF
$4.09 CAD
Percent Leased
74%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
25.00 AC
Opportunity Zone
Yes
Parking
1,063 Spaces (10 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 06-1-064-24 | Improvements Assessment | $603,130 CAD |
| Land Assessment | $82,244 CAD | Total Assessment | $685,374 CAD |
Property Taxes
Parcel Number
06-1-064-24
Land Assessment
$82,244 CAD
Improvements Assessment
$603,130 CAD
Total Assessment
$685,374 CAD
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