Manor Real Estate is pleased to present a compelling two-property retail portfolio in Harrisburg, Illinois — a market defined by stable consumer demand and dominant anchor tenancy. Offered exclusively as a package at $2,300,000 ($31.80 PSF), Shawnee Square and Arrowhead Point together represent a rare combination of stabilized income and significant value-add upside in a single acquisition.

Shawnee Square is a 28,320 square foot retail center currently 69% occupied and extensively renovated in 2024, featuring a new TPO roof and a modern updated façade. Strategically positioned between two high-volume anchors — Kroger and Tractor Supply — the center benefits from the kind of daily traffic that grocery and farm supply destinations reliably generate. Located on North Commercial Street, Harrisburg’s dominant retail corridor, Shawnee Square offers a strong existing tenant mix with meaningful lease-up opportunity in the remaining vacant bays.

Arrowhead Point is where the story gets particularly interesting for developers. This fully vacant 44,000 square foot center sits on approximately 13.21 acres, shadow-anchored by a top-performing Rural King location. With existing access, a functional parking field, and utility infrastructure already in place, the site’s redevelopment economics are genuinely attractive — made more so by a land basis of just $0.87 per square foot. Ground-up or renovation scenarios both pencil attractively at that basis, and the neighboring anchor tenancy provides the traffic foundation that any redevelopment would benefit from immediately.

Together, these two assets offer an investor or developer a foothold in a stable Illinois market with both current income and a blank canvas for value creation. At $2,300,000 for the package, the basis is hard to argue with.