404 Bethalto RdBethalto, IL 62010

Property Details for 404 Bethalto Rd

Year built

1986

Lot size

0.30 AC

Property size (Sq ft)

2,680 SF

Property type

Office properties

Description

This 2,680 square foot executive office building in Bethalto, Illinois, presents a compelling investment opportunity. Currently leased to OSF Medical Group until August 25th, 2025, the property boasts a strong 6.60% cap rate and a net operating income (NOI) of $26,128.82. Built in 1986 and renovated in 2003, the brick building features a reception area, nurse station, lab area, and five exam rooms, making it ideal for medical practices or similar professional uses. Additional amenities include a breakroom, two private offices, and a partial basement with a bathroom. The property sits on a 0.3-acre lot and includes 15 parking spaces, providing ample convenience for staff and clients. Its strategic location just off I-255 in Bethalto, Illinois (zip code 62010), ensures high visibility and accessibility, with an average daily traffic count of 10,350 vehicles. The property is zoned GC and has a parcel number of 19-2-08-12-11-201-038. The asking price is $398,000, representing a price per square foot of $148.51. This turnkey operation offers a solid return on investment with potential for future growth. The building's heating and cooling systems ensure year-round comfort.

Location Insight

City

Bethalto

County

Madison

State

Illinois

Latitude

38.9014

Longitude

-90.0476

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