For Sale
$260,000

5403 Illinois St Fairview Heights, IL 62208

1,716 SF Office, 9% Cap Rate

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a 1,716 square foot, single-story Class C office building situated on Route 159 in Fairview Heights, Illinois. The property, built in 1949 and remodeled in 2019, features two units totaling 1,716 square feet and is zoned B-2. Currently, one tenant occupies 900 square feet, paying $1,400 per month. The building boasts three offices, a reception area, and a break room within the available 816 square feet. With a high traffic count of 27,000 ADT, this location offers excellent visibility and signage opportunities on Route 159 (N Illinois St). The asking price is $260,000, representing a 9% capitalization rate if fully leased. This property is a multi-tenant building with a gross lease type. The property's address is 5403 N Illinois St, Fairview Heights, IL 62208, and its APN is 03-33.0-207-031. This is a prime opportunity for investors seeking a strong return in a high-traffic area. The property is located in St. Clair County.

Highlights

  • $260,000 asking price for a 1,716 SF office building.
  • Located at 5403 N Illinois St, Fairview Heights, IL 62208.
  • Gross lease, multi-tenant (currently one tenant).
  • 1,716 square feet, priced at $151.52 per square foot.
  • 9% cap rate.
  • Class C building, built in 1949, with one story and two units.

Property Details for 5403 Illinois St

Property type
Office properties
Square Feet
1,716 SF
Class
C
Year Built
1949
Buildings
1
Stories
1
Units
2

Location Insight

City
Fairview Heights
County
St. Clair
State
Illinois
Latitude
38.5819849
Longitude
-89.9852212

FAQs

What type of property is this?
Office property - 1,716 SF Office, 9% Cap Rate
Where is the office property located?
The property is located at 5403 Illinois St Fairview Heights, IL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: $260,000 asking price for a 1,716 SF office building.; Located at 5403 N Illinois St, Fairview Heights, IL 62208.; Gross lease, multi-tenant (currently one tenant).
How can I contact the broker?
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5403 Illinois St
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