400 Rusche StCreve Coeur, IL 61610

Property Details for 400 Rusche St

Year built

1960

Lot size

0.12 AC

Property size (Sq ft)

2,019 SF

Property type

Gas stations

APN

05-05-06-404-001

APU

50506404001

Description

This exceptional Creve Coeur, Illinois industrial property presents a unique investment opportunity. Priced at $184,900, this offering encompasses three parcels totaling significant square footage. The main building, situated at 400 Rusche Street, boasts 2019 square feet, including a well-appointed office, reception area, restroom, and four service bays equipped with lifts. Across the street, a 1620 square foot pole building features five garage doors, providing ample storage and workshop space. Complementing these structures is a substantial 2376 square foot paved area, ideal for additional storage or maneuvering. Furthermore, an 80x131 foot vacant lot offers considerable expansion potential. The property benefits from a metal roof (installed in 2013) on the main building, along with recent spray foam insulation in the office ceiling and two bays. The pole building features standard insulation. The current owner is not willing to sell the parcels separately. A significant amount of equipment and fixtures will be included in the sale. This turnkey operation is perfect for an established business seeking relocation or an entrepreneur looking to launch a new venture. The property is available for showings after 5:15 PM daily or on weekends. No contract for deeds or leases are available.

• CAP approach

  CAP return

  Valuation

  6%

  $535,895

  6.5%

  $494,672

  7%

  $459,339

• Comparable approach

  Method

  Valuation

  Relative Method

  $516,538

  Geo Method

  $396,651

• Alternative Use

  Use

  Valuation

  Residential

  $417,275

  Hospitality

  $382,221

  Educational

  $318,004

  Medical

  $328,940

  Retail

  $494,672

Location Insight

City

Creve Coeur

County

Tazewell

State

Illinois

Latitude

40.648

Longitude

-89.591

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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