Strip Mall Being Remodeled, Fulton, IL Looking For New Businesse - News and Weather For The Quad Cities -

Strip Mall Being Remodeled, Fulton, IL Looking For New Businesses

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Fulton, IL is hoping to attract new businesses after an outside investor bought a 5-unit strip mall. City officials said it's an economic boost the town is looking forward to. 

After purchasing the strip mall two weeks ago, Triple W. Properties already has businesses interested in moving into the remodeled units. It's located along 17th Street, just off of I-84. 

When it's all said and done, they'll make $26,000 worth of improvements to the property giving this small town of over 3,000 people, another place to shop besides their downtown. 

"But this is what it looks like before you move forward and make it look nice," said the new property owner Craig Wilson as he walked around an unfinished part of the strip mall. 

Two days ago, Wilson said this was a restaurant. It had stood vacant for nearly 8 years. 

"Fulton's an all American community, I think and there's a high traffic volume out there," said Wilson. "When we've been working out here the past week there's been cars coming and going constantly."

After buying the strip mall last month, Wilson said he's excited to already have inquiries from new tenants. He said they'll build-to-suit for anyone looking to rent. 

"Well we've had some people from the community approach us and they're interested, they kind of want to see what's happening," said Wilson. "We're hoping to rent them out hopefully maybe a workout facility, maybe a financial institution."

The Mayor of Fulton said it's exciting to have an investor bringing in new capital and ideas, along with new development to help boost up the local economy. 

"It's great to have maybe 3 or 4 more reasons for people to slow down, the 8,000 vehicles that are going by here and pull in and then they'll do shopping and do other things along this area," said Mayor Larry Russell.

Mayor Russell said the strip mall has needed someone to fix up the building and attract businesses. He said it'll also help create an image for the eastern edge of Fulton, just off of I-84. 

"From the community as a whole, budgets are tight," said Mayor Russell. "We need more young families in the area so development is a key part of it, but we also need some retail because we have leakage. That's what's called when people go to another community to spend their money to do business."

Locals said they had been wondering about the vacant property for a while and are looking forward to seeing it get developed.

"As residents of Fulton, we are excited always to see new businesses coming to this town," said Randall Alley.

Mayor Russell said there's an expectation that when Thomson prison opens, traffic on I-84 will double. He said that will help keep Fulton's businesses even more viable.

 

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