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618-277-4400

Office / Warehouse Investment Property

$870,000

Listing Resources

Listing Description

Office/Warehouse Complex

2 Building Complex situated on 1 Acre. Building is Visible from Hwy 50 with 20,000 ADT.

Building 1: 920 Talon Drive – 3,296 SF Office Building, Fully Leased with 2 Tenants. StretchMove Gym and Midwest Bank Centers

Building 2: 922 Talon Drive – 6,960 SF Office/Warehouse
Suite A: Leased – Studio L Dance Center
Suites B & C – Vacant: 1,400 SF Office and 3,360 SF Warehouse with 12′ x 12′ OHD.

Sale Price: $870,000

Listing Details

Settings
Listing No : 2285
Sale Or Lease : For Sale
Property Type(s) : Investment, Industrial, Office
Building Size (Sqft) : 10,250 Sqft
Lot Size (Acres) : 1 Acre(s)
Sale Price : $870,000
CAP Rate : 4.25%
NOI : $37,299
Parcel No : 03-25.0-204-00
Zoning : B-1 Community Business
Zoning By : O'Fallon
Property Tax : $19,901
Tax Year : 2019
Traffic Count : 20,000
Year Built : 1997
Rehab Year : 2019
Exterior : Brick/Stone - Office; Metal - Warehouse
Floors : 1
Total Units : 2
Interstate : I-255 (0.50 Mile)
Gross Rental Income : $67,200
Insurance : $2,500
CAM : $7,500

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