620 Lincoln HwyFairview Heights, IL 62208

Property Details for 620 Lincoln Hwy

Year built

1990

Lot size

1.03 AC

Property size (Sq ft)

13,144 SF

Property type

Retail properties

Property subtype

Office properties

Description

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.

Location Insight

City

Fairview Heights

County

St Clair

State

Illinois

Latitude

38.5923

Longitude

-89.9772

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