Fully Leased Investment Opportunity
$650,000
Listing Resources
Listing Description
Executive Office/Retail for Sale
100% leased office/retail mix: State Farm, The Massage Spa of O’Fallon, Elite Chiropractic, Huntleigh Securities Corporation, Sunrise Family Practice and Weight Management, and Simplifying Beauty.
Located in thriving area of O’Fallon, IL near I-64 exit for O’Fallon and Shiloh.
Current gross rents: $82,600; Current NOI: $53,7000
Sale Price: $650,000; 8.26% CAP
Listing Details
Listing No : 2549
Sale Or Lease : For Sale
Property Type(s) : Investment
Building Size (Sqft) : 5,664 Sqft
Lot Size (Acres) : 0.87 Acre(s)
Sale Price : $650,000
Sale Price Per Sqft : $114.77
CAP Rate : 8.26%
NOI : $53,690
Building Total Sqft : 5,664 Sqft
Parcel No : 04-30.0-314-012
Zoning : B-1 Comm Buisness/PUD
Zoning By : City of O'Fallon
Parking : 26
Parking Surface Type : Asphalt
Property Tax : $16,512
Tax Year : 2020
Traffic Count : 10,900
Year Built : 1992
Rehab Year : 2008
Clearance Min : 8 ft
Clearance Max : 8 ft
Roof : Shingles
Exterior : Brick
Floors : 1
Acres : 0.87 Acre(s)
Frontage : 172 ft
Depth : 166 ft
Interstate : I-64
Gross Rental Income : $82,600
Insurance : $2,500
Utilities : $9,897.64
-
Mike
Durbin
- Office: 618-277-4400 Ext. 39
- Mobile: 618-960-8675
- miked@barbermurphy.com