For Sale
$450,000

3009 Nameoki Rd Granite City, IL 62040

Prime Retail & Residential Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional mixed-use property, located at 3009 Nameoki Rd in Granite City, Illinois, presents a compelling investment opportunity. The building, constructed in 1963 and renovated in 1980, encompasses a total of 3,162 square feet across two stories. The ground floor features 2,402 square feet of retail space, previously occupied by a successful music store, offering high visibility and an inviting showroom. This space benefits from grandfathered signage, a significant advantage for continued business operations. Upstairs, a 760-square-foot, two-bedroom apartment provides versatile residential space, ideal for live-work arrangements or rental income. The property sits on a high-traffic section of Nameoki Road, boasting an average daily traffic count of 23,700 vehicles, ensuring excellent exposure. The asking price is $450,000, translating to $142.31 per square foot. This fully occupied property offers immediate return on investment and significant potential for future growth. The property includes private parking and is identified by APN 22-2-20-17-06-106-001. This is a rare opportunity to acquire a well-located, income-producing mixed-use property in a thriving area of Granite City, Illinois, zip code 62040. The property's combination of retail and residential space makes it an attractive option for a variety of uses and investors.

Highlights

  • High-visibility location on Nameoki Rd, Granite City, IL, with 23,700 average daily traffic count.
  • Mixed-use property: 2,402 SF retail space & 760 SF residential unit (perfect for live/work).
  • Key features include grandfathered signage, private parking, fully occupied, and priced at $450,000.

Property Details for 3009 Nameoki Rd

Property type
Retail properties, Mixed-use properties
Square Feet
3,162 SF
Year Built/Renovated
1963/1980
Buildings
1
Stories
2

Location Insight

City
Granite City
County
Madison
State
Illinois
Latitude
38.7156543
Longitude
-90.1226729

FAQs

What type of property is this?
Retail property - Prime Retail & Residential Opportunity
Where is the retail property located?
The property is located at 3009 Nameoki Rd Granite City, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: High-visibility location on Nameoki Rd, Granite City, IL, with 23,700 average daily traffic count.; Mixed-use property: 2,402 SF retail space & 760 SF residential unit (perfect for live/work).; Key features include grandfathered signage, private parking, fully occupied, and priced at $450,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3009 Nameoki Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message