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618-277-4400

Value Add Investment Opportunity

$650,000

Listing Resources

Listing Description

Investment Opportunity

17,558 SF Multi-use property. Office retail consists of 3 bays totaling 4,600 SF. These bays are occupied by a restaurant, dog groomer (has 10′ overhead door), and vacant office. 7,500 SF leased as meat processing plant. The remaining space is 5,458 SF of warehouse with a 1,800 SF office area (this is the empty bay in front.). The office includes reception area, 4 private offices, conference room, mechanical room, kitchenette, and restroom. The warehouse contains 2 loading docks, (2) 14′ overhead doors, and a ceiling height of 16′ at the peak. Refrigeration part of the meat processing plant is not included in the sale.

Sale Price: $650,000

Listing Details

Settings
Listing No : 2600
Sale Or Lease : For Sale
Property Type(s) : Investment, Retail, Retail - Shopping Center, Retail - Store Front Retail, Restaurant/Bar
Building Size (Sqft) : 17,558 Sqft
Lot Size (Acres) : 1.48 Acre(s)
Total Sqft Available : 17,558 Sqft
Sale Price : $650,000
Sale Price Per Sqft : $37.02
CAP Rate : 9%
NOI : $57,566
Building Total Sqft : 17,558 Sqft
Total Sqft Available : 17,558 Sqft
Min Divisible Sqft : 17,558 Sqft
Max Contiguous Sqft : 17,558 Sqft
Parcel No : 10-29.0-302-020
Zoning : GC
Zoning By : Mascoutah
Parking Surface Type : Asphalt
Property Tax : $23,986
Tax Year : 2021
Year Built : 2003
Exterior : brick combo, metal
Floors : 1
Gross Rental Income : $107,741
Insurance : $4,390
CAM : $12,900
Utilities : $3,512
Property Management : $5,387

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