NNN Investment Property

2418-2420 Nameoki Rd, Granite City, Illinois 62040
Madison County

New

Listing Resources

NNN Investment Opportunity

6,600 SF Retail Center with 4 Tenants. Significant Improvements recently made.

Gross Rental Income: $67,200
Gross Other Income: $2,220
Maintenance/Repairs: $1,500
Vacancy: $3,360

NOI: $64,560
12.07% CAP Rate

Sale Price: $535,000

Basic Details

Settings

Listing No : 2556

Sale Or Lease : For Sale

Property Type(s) : Investment

Building Size (Sqft) : 6,600 Sqft

Lot Size (Acres) : 0.34 Acre(s)

Sale Price : $535,000

Sale Price Per Sqft : $80.14

CAP Rate : 12.07%

NOI : $64,560

Property Information

Parcel No : 22-2-20-17-15-403-031

Zoning : C-5

Zoning By : Granite City

Structural Data

Year Built : 1970

Rehab Year : 2021

Exterior : Concrete

Floors : 1