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618-277-4400

Industrial Investment Property

$2,150,000

Listing Resources

Listing Description

34,393 SF fully leased investment opportunity for sale in Swansea, IL (12,353 SF office/warehouse and 21,930 SF of drive-through service bays – 18). Midwest Transit Equipment, Inc. is a well-established transportation and fleet solutions provider with 50 years of industry experience, specializing in new and used buses, commercial vehicles, parts, maintenance, and repair services, and has occupied this property since 2005. 9 locations nationwide. This Swansea facility is well positioned to serve school districts, municipalities, churches, private transportation operators, and commercial fleets throughout Southwestern Illinois and the broader St. Louis metropolitan area.
Current lease term expires May 31st, 2032. The tenant has an additional renewal term available through May 31, 2037. The landlord is responsible for capital improvements on the property.

Current NOI: $164,733.95
CAP Rate: 7.66%
Contact broker for financials.

Located along the heavily traveled North Belt West / IL-161 corridor, the site benefits from strong regional connectivity and convenient access to the surrounding Metro East market. Its location places it just minutes from IL-159, downtown Belleville, Fairview Heights’ major retail concentrations, and Interstate 64, providing direct access to the broader St. Louis metropolitan area.

Sale Price: $2,150,000

Listing Details

Listing No : 3306
Sale Or Lease : For Sale
Property Type(s) : Investment, Industrial
Building Size (Sqft) : 34,393 Sqft
Lot Size (Acres) : 7.97 Acre(s)
Sale Price : $2,150,000
Sale Price Per Sqft : $62.51
CAP Rate : 7.66%
GRM : 13.05
NOI : $164,733
Building Total Sqft : 34,393 Sqft
Min Divisible Sqft : 34,393 Sqft
Max Contiguous Sqft : 34,393 Sqft
Parcel No : 08-16.0-207-024
Zoning : Highway Business
Survey : Yes
Parking : 75
Parking Surface Type : Asphalt, rock
Tax Year : 2025
Traffic Count : 17,200
Year Built : 1974
Rehab Year : 2000
Clearance Min : 9 ft
Clearance Max : 16 ft
Exterior : Masonry, Metal
Acres : 7.97 Acre(s)
Frontage : 421 ft
Depth : 907 ft

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