Investment Office Building
$1,933,000
Listing Resources
Listing Description
Anchor Tenants – Bethany occupies 25% rentable space of the total building with recent expansion and lease extensions. Clarkson Eye Care occupies 22%.Occupancy – 86% occupied building. Room for growth and additional income.St. Louis Market Area – Location in a professional office park in Granite City, Illinois, this location offers easy access to major highways, including Interstate 270, making it convenient for both employees and clients.
Sale Price: $1,933,000
NOI: $169,166
Cap Rate: 8.75 %
Listing Details
Listing No : 1676
Sale Or Lease : For Sale
Property Type(s) : Investment, Office
Building Size (Sqft) : 25,000 Sqft
Lot Size (Acres) : 2.47 Acre(s)
Total Sqft Available : 2,813 Sqft
Sale Price : $1,933,000
Sale Price Per Sqft : $77.32
CAP Rate : 7.75%
NOI : $169,166
Building Total Sqft : 25,000 Sqft
Total Sqft Available : 25,000 Sqft
Office : 25,000 Sqft
Min Divisible Sqft : 25,000 Sqft
Max Contiguous Sqft : 25,000 Sqft
Elevators : Yes
Heating : Yes
Cooling : Yes
Lighting : LED
Men's Restroom : Yes
Women's Restroom : Yes
Parcel No : 22-1-20-09-07-201-014.001 22-2-20-09-07-201-027 22-2-20-90-07-201-028
Zoning : Commercial
Zoning By : Granite City
Prior Use : Office
Parking : 73
Parking Surface Type : Concrete
Property Tax : $34,040.84
Tax Year : 2023
Topography : Flat
Year Built : 1979
Rehab Year : 1999
Class : B
Roof : Shingles
Exterior : Mixed
Floors : 2
Acres : 2.47 Acre(s)
Frontage : 127 ft
Depth : 307 ft
Water Provider : Illinois American Water
Sewer Provider : City
Electric Provider Service : Ameren IL
Interstate : 270
Airport : St. Louis
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Katie .
Bush
- Office: 618-277-4400 Ext. 27
- Mobile: 701-213-3301
- katieb@barbermurphy.com
-
Joe
Hardin
- Office: 618-277-4400 Ext. 16
- Mobile: 618-660-8759
- joeh@barbermurphy.com