Concord Plaza - Retail Strip Center Investment
$950,000
Listing Resources
Listing Description
Investment property consisting of 10,400 SF strip center (92% occupied) and 2,100 SF stand-alone restaurant. 9.0% CAP Rate. Monument signage and situated on 1.76 acres. Financials available upon request and signed NDA.
Located along East/West thoroughfare of Lincoln Trail in Fairview Heights, IL. 1.25 Miles West of St. Clair Square Mall and 1.50 Miles West of Interstate 64.
Sale Price: $950,000
Listing Details
Listing No : 1072
Sale Or Lease : For Sale
Property Type(s) : Retail, Retail - Shopping Center, Restaurant/Bar
Building Size (Sqft) : 12,500 Sqft
Lot Size (Acres) : 1.76 Acre(s)
Total Sqft Available : 12,500 Sqft
Sale Price : $950,000
Sale Price Per Sqft : $76
CAP Rate : 9%
NOI : $85,510
Building Total Sqft : 12,500 Sqft
Parcel No : 03-29.0-200-016, 022 & 024
Zoning : B-3
Zoning By : Fairview Heights
TIF : Yes
Enterprise Zone : Yes
Parking : 25
Parking Surface Type : Asphalt
Tax Year : 2024
Traffic Count : 20,100
Year Built : 1972
Rehab Year : 2025
Clearance Min : 8 ft
Clearance Max : 10 ft
Roof : New - 2025
Acres : 1.76 Acre(s)
Frontage : 172 ft
Water Provider : O'Fallon
Water Provider Location : On Site
Sewer Provider : Caseyville Township
Sewer Provider Location : On Site
Gas Provider : Ameren
Gas Provider Location : On Site
Electric Provider : Ameren
Electric Provider Location : On Site
Gross Rental Income : $132,480
Gross Other Income : $6,000
-
Matt
Barriger
- Office: 618-277-4400 Ext. 17
- Mobile: 618-973-5507
- mattb@barbermurphy.com