Value Add Investment Property
$250,000
Listing Resources
Listing Description
Value-Add Investment Property
Mixed-use value add investment property for sale. Long term insurance agency tenant and 1 BD / 1BA apartments on 2nd floor.
Two office/retail vacancies and an additional 1,886 SF warehouse available for lease.
Property comes with three additional parcels adding to the existing parking lot.
Sale Price: $250,000
Listing Details
Listing No : 2865
Sale Or Lease : For Sale
Property Type(s) : Investment, Industrial, Office, Retail
Building Size (Sqft) : 5,970 Sqft
Sale Price : $250,000
Sale Price Per Sqft : $41.88
CAP Rate : 8.20%
Building Total Sqft : 5,970 Sqft
Total Sqft Available : 5,970 Sqft
Warehouse : 1,886 Sqft
Parcel No : 08-21.0-419-012;013;024;025
Zoning : C-2 Heavy Commercial
Zoning By : City of Belleville
Parking : 15
Parking Surface Type : Asphalt/Rock
Property Tax : $3,747
Tax Year : 2022
Traffic Count : 12,800
Year Built : 1900
Rehab Year : 2010
Clearance Max : 9 ft
Total Acres Available : 0.44 Acre(s)
Gross Rental Income : $34,200
-
Mike
Durbin
- Office: 618-277-4400 Ext. 39
- Mobile: 618-960-8675
- miked@barbermurphy.com