Skip to main content

Vacant-User

$1 Auction | Former Pizza Hut – St. Louis MSA

735 W Broadway, Centralia, IL 62801

Listing Price: $1

Gross SF
1,851
Rentable SF
1,851
Lot Size
0.28 acres
Year Built
1972

Investment Overview

Register to Bid and Access Due Diligence Documents on RI Marketplace Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing, retail building located at 735 W Broadway in Centralia, IL (the “Property”). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. Built in 1972, the Property is comprised of a one-story, free-standing building totaling ±1,851 square feet. Positioned on ±0.28 acres of land, the Property offers abundant parking with 15 surface spaces and access to the site is provided via one shared ingress/egress curb cut located along W Broadway. The Property was formerly occupied by Pizza Hut on a triple net lease at a rental rate and offers potential investors the ability to acquire a free-standing retail building with significant value add through long lease up at long term market rates. The Property offers favorable flexible zoning allowing for a variety of restaurant/retail and commercial uses via adaptive reuse or repositioning. The Property is located in the City of Centralia in Clinton County, Illinois within the St. Louis MSA. This former Pizza Hut is positioned across from a new high traffic Dollar General and walking distance to a Schnucks anchored neighborhood center. The neighborhood is developed with established residential development, retail sites, hospitality assets, and 0.5-mi from Schiller Elementary School. The Property offers easy access and excellent visibility with frontage on W Broadway, one of the primary traffic carriers for the area with ±5,300 vehicles passing the site daily near the intersection of S Brookside Avenue with another ±5,500 vehicles passing the area daily. The Property offers convenient access to the greater area and is ideally positioned just minutes 15-minutes from both I-57 and I-64. The Property is located within the main retail/restaurant hub of the Centralia market near complimentary businesses including Walmart Supercenter, Schnuck’s, Hardee’s, Wendy’s, McDonald’s, O’Reilly Automotive, Ace Hardware and many other shopping centers and commercial properties. The Property is also located ±5 miles from Raccoon Lake and ±17 miles from Carlyle Lake, which offer an array of outdoor activities and bring tourism to the area. The Property serves an expanded 10-mile trade area with ±29,786 individuals with an AHHI of ±$59,615.

Investment Highlights

  • Freestanding Former Pizza Hut Restaurant Available at a Significant Discount Below Replacement Cost
  • Prime Retail Corridor including Walmart, Big Lots, Sonic, Ace Hardware, Dollar General and Many Others
  • Suitable for a Variety of General Commercial Uses & Activities
  • Steady Traffic and Excellent Visibility along West Broadway with ±5,300 VPD

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Vacant-User

$1 Auction | Former Pizza Hut – St. Louis MSA

Listing Price: $1

Gross SF
1,851
Rentable SF
1,851
Lot Size
0.28 acres
Year Built
1972

Investment Highlights

  • Freestanding Former Pizza Hut Restaurant Available at a Significant Discount Below Replacement Cost
  • Prime Retail Corridor including Walmart, Big Lots, Sonic, Ace Hardware, Dollar General and Many Others
  • Suitable for a Variety of General Commercial Uses & Activities
  • Steady Traffic and Excellent Visibility along West Broadway with ±5,300 VPD

Investment Overview

Register to Bid and Access Due Diligence Documents on RI Marketplace Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing, retail building located at 735 W Broadway in Centralia, IL (the “Property”). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. Built in 1972, the Property is comprised of a one-story, free-standing building totaling ±1,851 square feet. Positioned on ±0.28 acres of land, the Property offers abundant parking with 15 surface spaces and access to the site is provided via one shared ingress/egress curb cut located along W Broadway. The Property was formerly occupied by Pizza Hut on a triple net lease at a rental rate and offers potential investors the ability to acquire a free-standing retail building with significant value add through long lease up at long term market rates. The Property offers favorable flexible zoning allowing for a variety of restaurant/retail and commercial uses via adaptive reuse or repositioning. The Property is located in the City of Centralia in Clinton County, Illinois within the St. Louis MSA. This former Pizza Hut is positioned across from a new high traffic Dollar General and walking distance to a Schnucks anchored neighborhood center. The neighborhood is developed with established residential development, retail sites, hospitality assets, and 0.5-mi from Schiller Elementary School. The Property offers easy access and excellent visibility with frontage on W Broadway, one of the primary traffic carriers for the area with ±5,300 vehicles passing the site daily near the intersection of S Brookside Avenue with another ±5,500 vehicles passing the area daily. The Property offers convenient access to the greater area and is ideally positioned just minutes 15-minutes from both I-57 and I-64. The Property is located within the main retail/restaurant hub of the Centralia market near complimentary businesses including Walmart Supercenter, Schnuck’s, Hardee’s, Wendy’s, McDonald’s, O’Reilly Automotive, Ace Hardware and many other shopping centers and commercial properties. The Property is also located ±5 miles from Raccoon Lake and ±17 miles from Carlyle Lake, which offer an array of outdoor activities and bring tourism to the area. The Property serves an expanded 10-mile trade area with ±29,786 individuals with an AHHI of ±$59,615.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

MM Texture Background
MM Textured Background Lower