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618-277-4400

Value-Add Investment Property

$220,000

Listing Resources

Listing Description

Value-add office/retail investment property available for sale. Proforma annual rents: $35,100. Annual expenses: $18,274.62. Historically low vacancy rates in this building. (2) office/retail suites coming available at the end of March (250 SF) and May of 2026 (232 SF). Lease is a full service rate which includes water, sewer, gas and electric. Tenant responsible for data/internet and janitorial. Contact broker for additional financial details. Future development of this corridor by the City of Fairview Heights include updated landscaping and sidewalks throughout as well as upgraded lighting fixtures.

Located near the corner of Lincoln Trail and Union Hill Rd – 1.3 miles from I-64’s exit 10 in Fairview Heights. Union Hill provides direct access (South) to Frank Scott Parkway which runs East and West through St. Clair County.

Sale Price: $220,000

Lease Rate: $650/Month, Full Service

Listing Details

Listing No : 3021
Sale Or Lease : For Sale
Property Type(s) : Office, Office - General Office, Retail
Building Size (Sqft) : 2,400 Sqft
Sale Price : $220,000
Sale Price Per Sqft : $91.67
CAP Rate : 7.65%
GRM : 6.27
NOI : $16,826
Building Total Sqft : 2,400 Sqft
Min Divisible Sqft : 2,400 Sqft
Max Contiguous Sqft : 2,400 Sqft
Parcel No : 03-28.0-300-044
Zoning : B-3 Community Business
Prior Use : Salon
TIF : Yes
Enterprise Zone : Yes
Parking : 12
Parking Surface Type : Asphalt
Property Tax : $5,496
Tax Year : 2023
Traffic Count : 14,300
Year Built : 1974
Rehab Year : 2022
Clearance Min : 8 ft
Clearance Max : 9 ft
Exterior : Mixed/Stucco
Floors : 2
Total Units : 5
Acres : 0.22 Acre(s)
Frontage : 50 in
Depth : 190 in

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