For Sale
$2,200,000

620 Lincoln Hwy Fairview Heights, IL 62208

100% Leased, 13,144 SF, 6.29% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fully leased, two-story retail and executive office building situated on a 1.03-acre lot in Fairview Heights, Illinois. The property, located at 620 Lincoln Hwy, boasts 13,144 square feet and features six units, offering a strong 6.29% capitalization rate with a net operating income (NOI) of $138,362. Built in 1990 and renovated in 1991, the building is zoned PB-Planned Business and includes 40 parking spaces. The property benefits from a high average daily traffic count of 18,600 vehicles. Internal features include forced-air heating and cooling systems throughout, an ADA-compliant elevator, and a brick exterior. The current lease is a modified agreement with four years remaining. This well-maintained property offers a stable income stream and significant potential for future growth, making it an attractive investment for discerning buyers. The property's address is 620 Lincoln Hwy, Fairview Heights, IL 62208, and its APN is 03-27.0-305-002/003.

Highlights

  • Fully leased, two-story retail/office building totaling 13,144 square feet on a 1.03-acre lot in Fairview Heights, IL.
  • 6.29% cap rate with $138,362 NOI.
  • Six units, 40 parking spaces, and high daily traffic counts (18,600 vehicles).
  • Built in 1990, renovated in 1991, zoned PB-Planned Business.
  • Forced-air heating and cooling, ADA-compliant elevator, brick exterior.

Property Details for 620 Lincoln Hwy

Property type
Retail properties, Office properties
Square Feet
13,144 SF
Year Built/Renovated
1990/1991
Stories
2
Lot Size (sq. ft)
44,867 SF
Units
6

Location Insight

City
Fairview Heights
County
St Clair
State
Illinois
Latitude
38.5922844
Longitude
-89.9771556

FAQs

What type of property is this?
Retail property - 100% Leased, 13,144 SF, 6.29% Cap Rate
Where is the retail property located?
The property is located at 620 Lincoln Hwy Fairview Heights, IL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Fully leased, two-story retail/office building totaling 13,144 square feet on a 1.03-acre lot in Fairview Heights, IL.; 6.29% cap rate with $138,362 NOI.; Six units, 40 parking spaces, and high daily traffic counts (18,600 vehicles).
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.
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620 Lincoln Hwy
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