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618-277-4400

Value-Add Opportunity

$3,500,000

Listing Resources

Listing Description

Value-Add Opportunity!

Shopping Center in Main Retail Corridor for Sale with 2 Spaces for Lease.

67,795 SF Former Wal-Mart, Big Box Space with OH Doors and 2 Docks. 14′ Ceilings. Potential for Adaptive Reuse; Light Manufacturing/Warehousing.

26,251 SF Former Shop N Save Space with 2 Docks.

High Visibility/High Traffic Location with 12,000 ADT on Hwy 67 (State St). 20,000+ people within 10 Miles; 130,000+ within 20 Miles.

Jersey County Transmodal Logistics Facility (Mid-American International Gateway Business Park) Coming to Jerseyville.

Sale Price: $3,500,000
Lease Rate: $2.50 – $7.00 per SF, NNN

Listing Details

Settings
Listing No : 1395
Sale Or Lease : For Sale
Property Type(s) : Investment, Industrial, Office, Retail, Retail - Shopping Center
Building Size (Sqft) : 122,117 Sqft
Lot Size (Acres) : 6.35 Acre(s)
Total Sqft Available : 122,117 Sqft
Sale Price : $3,500,000
Net Charges : 1.25
Building Total Sqft : 122,117 Sqft
Total Sqft Available : 122,117 Sqft
Direct Lease : 94,226 Sqft
Retail : 94,226 Sqft
Min Divisible Sqft : 26,251 Sqft
Max Contiguous Sqft : 67,975 Sqft
Parcel No : 04-875-009-00
Zoning : B-2
Zoning By : Jerseyville
Complex : Jerseyville Mall
Parking : 60+
Parking Surface Type : Concrete
Property Tax : $85,600
Tax Year : 2019
Traffic Count : 12,800
Class : B
Clearance Min : 8 ft
Clearance Max : 14 ft
Exterior : Stucco
Sprinklers : Yes
Floors : 1

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