Investment Opportunity - Fully Leased Office Building
$398,000
Listing Resources
Listing Description
Investment Property
2,680 SF Professional brick building currently leased to OSF Medical Group. Lease expires Aug. 25th, 2025. It is equipped with heating and cooling systems throughout the building, ensuring a comfortable environment year-round. It includes a reception area, nurse station, lab area and 5 exam rooms. Additionally the property features a breakroom, 2 offices, partial basement with bathroom.
The building is strategically situated in Bethalto, Il, just off I-255, averaging 10,350 cars per day.
Sale Price: $398,000
Listing Details
Listing No : 2801
Sale Or Lease : For Sale
Property Type(s) : Investment
Building Size (Sqft) : 2,680 Sqft
Sale Price : $398,000
Sale Price Per Sqft : $148.51
CAP Rate : 6.60%
GRM : 9.70
NOI : $26,128.82
Building Total Sqft : 2,680 Sqft
Parcel No : 19-2-08-12-11-201-038
Zoning : GC
Parking : 15
Parking Surface Type : Asphalt
Tax Year : 8577.08
Topography : Flat
Year Built : 1986
Rehab Year : 2003
Exterior : Brick
Floors : 2
Acres : 0.30 Acre(s)
Frontage : 60 ft
Depth : 130 ft
Interstate : I-255
Airport : STL Airport (20 Miles)
Gross Rental Income : $41,058
Insurance : $1,517
CAM : $4,453.46
-
John L.
Eichenlaub
- Office: 618-277-4400 Ext. 15
- Mobile: 618-570-8344
- johne@barbermurphy.com