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
-
Mike
Durbin
- Office: 618-277-4400 Ext. 39
- Mobile: 618-960-8675
- miked@barbermurphy.com