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618-277-4400

Heavy Industrial Investment Opportunity - Crane Served

$3,500,000

Listing Resources

Listing Description

  • 90% Occupied Heavy Industrial Investment with Rail & Crane Infrastructure

  • Cash-Flowing Manufacturing Campus Offered Below Replacement Cost

  • Rare Value-Add Industrial Investment with Embedded Infrastructure

  • Functional Heavy Industrial Asset with In-Place Income and Long-Term Upside

  • Rail-Served Manufacturing Facility with Specialized Infrastructure and Existing Cash Flow

Strategically located in the heart of the St. Louis industrial market, 1162 16th Street offers immediate access to one of the Midwest’s most established heavy manufacturing and logistics corridors. Situated in Granite City, Illinois, the property benefits from a deep industrial labor pool, a long history of steel and manufacturing operations, and proximity to major transportation infrastructure serving the bi-state region.

The property is conveniently positioned just minutes from Interstate 270, Interstate 255, Interstate 55, Interstate 64, and Interstate 70, providing efficient truck access throughout the St. Louis metropolitan area and direct connectivity to Chicago, Kansas City, Indianapolis, Memphis, and other major Midwestern markets. Downtown St. Louis is approximately 15 miles southwest, while St. Louis Lambert International Airport is less than 30 minutes away.

Located within one of the nation’s most important inland freight hubs, the St. Louis region offers access to six Class I railroads, four interstate highways, and the Mississippi River barge system.

Sale Price: $3,500,000

Listing Details

Listing No : 3269
Sale Or Lease : For Sale
Property Type(s) : Investment, Industrial, Industrial - Crane Served
Building Size (Sqft) : 346,870 Sqft
Lot Size (Acres) : 25.61 Acre(s)
Sale Price : $3,500,000
Sale Price Per Sqft : $10.09
CAP Rate : 12%
NOI : $415,007
Building Total Sqft : 346,870 Sqft
Total Sqft Available : 31,450 Sqft
Min Divisible Sqft : 81,700 Sqft
Max Contiguous Sqft : 113,150 Sqft
Drive-In Doors : 6
Drive-In Door Size : 17'x25'
Overhead Cranes : Yes
Overhead Crane Size : (14) 5T to 120T
Men's Restroom : Yes
Women's Restroom : Yes
Ventilation : Yes
Compressed Air : Yes
Parcel No : 22-1-19-24-09-102-032 & 22-1-19-24-13-301-002 & 22-1-19-24-10-101-005 & 22-1-19-24-14-301-001
Zoning : Industrial
Enterprise Zone : Yes
Parking : 100
Parking Surface Type : Rock
Tax Year : 2024
Year Built : 1950
Clearance Min : 30 ft
Clearance Max : 30 ft
Bay Spacing : Clear Span
Roof : Metal
Exterior : Steel
Floor Type : Concrete
Floor Thickness : Varies
Acres : 25.61 Acre(s)
Frontage : 1,339 ft
Depth : 1,806 ft
Water Provider : Illinois American Water
Water Provider Location : On Site
Sewer Provider : Illinois American Water
Sewer Provider Location : On Site
Gas Provider : Ameren Illinois
Gas Provider Location : On Site
Electric Provider : Ameren Illinois
Electric Provider Location : On Site
Phase : 3
Low Volts : 240
High Volts : 480
Interstate : I-270, I-255, I-55, I-64, and I-70
Rail : Terminal Rail Road - Active
Barge : America's Central Port
Gross Other Income : $646,524

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