Marcus & Millichap Sells Starbucks Property In Mahomet Illinois For $2.51M
204 North Lombard Avenue
$2,506,000
$986/SF
Building Size
2,540 SF
Asset Type
Retail
Closing
Nov 14, 2025
About this deal
AI
A retail property located at 204 North Lombard Avenue in Mahomet, Illinois, has been sold for $2,506,000. The asset encompasses 2,540 square feet and occupies a land area of 0.6 acres. The price per square foot for the transaction was $987. The property is also shadow-anchored by a Schnucks grocery store and is conveniently located near Interstate 74 and the University of Illinois.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $2,506,000
- Square Footage: 2,540 SF
- Price Per Square Foot: $987
- Address: 204 North Lombard Avenue
- Market: Mahomet
- Acres: 0.6
Samuel Malato and Dominic Sulo from Marcus & Millichap represented the seller in this transaction, highlighting their role in facilitating the deal for the retail asset. Their involvement was crucial in managing the sale process and negotiations.
On the Map
$2,506,000
$986/SF
Retail
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Players
Lombard Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.33%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93