Outdated Browser

Some features of this site may not be available with your current browser.
In order to receieve the best experience, please update to a newer browser.

618-277-4400

TriMor Retail Center Value-Add Opportunity

$2,300,000

Listing Resources

Listing Description

TriMor Center – Value Add Opportunity

2 Building Portfolio for Sale. New Roofs and RTU’s in 2020. Legacy Tenants.

Long-Established, family operation has developed and operated this center for multiple generations. Provides new ownership the opportunity to increase rents to market rates. 

Located in a TIF District and Enterprise Zone.

Reduced Sale Price: $2,300,000
NOI: $278,564
CAP Rate: 12.11%

Listing Details

Settings
Listing No : 2289
Sale Or Lease : For Sale
Property Type(s) : Investment
Building Size (Sqft) : 68,480 Sqft
Lot Size (Acres) : 3 Acre(s)
Sale Price : $2,300,000
CAP Rate : 12.11%
NOI : $278,564
Building Total Sqft : 68,480 Sqft
Total Sqft Available : 68,480 Sqft
Direct Lease : 2,625 Sqft
Office : 68,480 Sqft
Retail : 68,480 Sqft
Min Divisible Sqft : 1,125 Sqft
Max Contiguous Sqft : 68,480 Sqft
Parcel No : 22-1-20-08-06-101-026; 22-2-20-08-06-101-023
Zoning : C-5 Hwy Commercial
Zoning By : Granite City
Complex : TriMor Center
TIF : Yes
Enterprise Zone : Yes
Parking : 120
Parking Surface Type : Asphalt
Property Tax : $49,606
Tax Year : 2019
Traffic Count : 17,300
Year Built : 1959
Rehab Year : 2020
Class : C
Exterior : Masonry
Floors : 1
Acres : 3 Acre(s)
Frontage : 125 ft
Depth : 500 ft
Interstate : I-270 and I-255
Gross Rental Income : $405,372
Insurance : $27,108
CAM : $35,000
Utilities : $3,000
Property Management : $11,700

Contact Agent

Commercial Real Estate Solutions

Not finding what you’re looking for?

Call Us

618-277-4400

Favorites
Clear All
Email Your Favorites