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618-277-4400

Income Producing Development Site

$2,849,290

Listing Resources

Listing Description

Income Producing Development Site

111.34 Acres Zoned Industrial with excellent access to I-255, Exit 15. Located next to the St. Louis Downtown Airport with Rail and Barge access nearby. TIF and Enterprise Incentives available for Development Projects. There is a land lease on 33.3 Acres that generates an average net annual income of $221,576 (2020-2023). The tenant has been leasing the property since 2003.  Property is ideally suited for end user or developer looking for great location to build. All Utilities on Site.

The Site is Located in the Sauget Industrial Park – Tenants Include: Medline, Western Nonwovens, Stellar Mfg., FedEx Ground, Holten Meat, Universal Air Filter, R&L Carriers and Afton Fabricating.

(A) 13.85 Developable Acres – Sale Price: $554,000 ($40,000/AC)
(B) 35.13 Acres Developed – Sale Price: $2,108,210 (33.3 Acres is Leased to Container Port Generating an Annual NOI of $221,576 (2020-2023) (10% CAP))
(C) 62.36 Acres – Sale Price: $187,080 ($3,000/AC)

Listing Details

Settings
Listing No : 2241
Sale Or Lease : For Sale
Property Type(s) : Investment, Industrial, Land, Land - Industrial
Lot Size (Acres) : 111.34 Acre(s)
Min Acres Available : 13.85 Acre(s)
Max Acres Available : 111.34 Acre(s)
Sale Price : $2,849,290
NOI : $221,576
Parcel No : 02310409003& 02,06,07,08 02310100018 & 02310400016 & 07060200045
Zoning : Industrial
Zoning By : Sauget
Industrial Park : Sauget Industrial Park
TIF : Yes
Enterprise Zone : Yes
Property Tax : $17,438
Tax Year : 2018
Traffic Count : 71,300
Topography : Flat
DivisibleYes
Total Acres Available : 111.34 Acre(s)
Min Divisible Acres : 13.85 Acre(s)
Frontage : 6,482 ft
Depth : 882 ft
Water Provider : Common Fields of Cahokia
Water Provider Location : On Site
Sewer Provider : American Bottoms
Sewer Provider Location : On Site
Gas Provider : Ameren IL
Gas Provider Location : On Site
Electric Provider : Ameren IL
Electric Provider Location : On Site
Interstate : I-255, Exit 15 (1,000')
Rail : Adjacent Site
Barge : SCF Marine (3 Miles)
Airport : St. Louis Downtown (1.5 Miles)

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