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618-277-4400

Value Add: 83 Storage Facility, Indoor Storage, Bar/Grill & Residence

$949,000

Listing Resources

Listing Description

Multi-Use property situation on 4.5 acres.

83 personal storage units with acreage to build additional units. 80% are leased. 

9,600 SF metal building with 14′ sliding doors and gravel floors. Currently used for indoor vehicle storage.

Storage building/workshop features a loft area, 8′ sliding door and (2) 12′ sliding drive through doors. Building is heated by a wood stove. 

The bar and grill is an operating turn-key facility with gaming machines. Equipment list available upon request. 

The living quarters/residence is connected to the bar and grill. The space features 3 bedrooms, full bath, and 2 furnaces. A new kitchen is being built out in addition to the existing kitchen. 

Sale Price: $949,000

Listing Details

Settings
Listing No : 2662
Sale Or Lease : For Sale
Property Type(s) : Retail, Restaurant/Bar
Lot Size (Acres) : 4.50 Acre(s)
Sale Price : $949,000
Sale Price Per Sqft : $76.53
CAP Rate : 8%
NOI : $23,679
Parcel No : 16-05-14-100-013
Zoning : HB-1
Zoning By : Okawville
Parking : 60
Parking Surface Type : gravel
Property Tax : $2,000
Tax Year : 2022
Roof : Varies
Exterior : Varies
Floors : 1
Acres : 4.50 Acre(s)
Gross Rental Income : $27,858
Insurance : $2,000
Utilities : $785

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