225 9Th StEast St. Louis, IL 62201

  • Commercial real estate
  • 26,044 SF
For Sale
$2,500,000 View listing

Property Details for 225 9Th St

Year built
1999
Construction
WOOD
Lot size
1.60 AC
Property size (Sq ft)
26,044 SF
Property type
Commercial real estate
APN
01-13-0-227-045
APU
1130227045

Description

This exceptional investment opportunity presents a fully occupied, 26,044 square foot office building located at 225 N 9th St, East St. Louis, IL 62201. The property sits on a 1.6-acre lot and is currently 100% occupied by a single tenant under a lease agreement generating $28,719.17 in monthly income. The lease expires July 31, 2025, with a guaranteed five-year renewal option extending to July 31, 2030, providing a secure and stable income stream. The building features over 40 offices, multiple restrooms, a lounge, cubicle spaces, a training room, a breakroom, and a large waiting area. Recent upgrades include new carpeting throughout. Its prime downtown location offers high visibility and easy access to major highways. The asking price is $2,500,000, translating to $95.99 per square foot. This property is an ideal investment for those seeking strong, consistent returns and significant growth potential. The APN is 01-13.0-227-045. This is a private ownership opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $7,276,005
    Hospitality
    $6,664,782
    Educational
    $5,545,020
    Medical
    $5,735,722
    Retail
    $8,625,587
225 9Th St, East St. Louis, Illinois

Location Insight

City
East Saint Louis
County
St. Clair
State
Illinois
Latitude
38.6236
Longitude
-90.1548
CBSA code
41180
CBSA name
ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$36,494
$17,739
$247,539
$265,278
-
$53,217
$742,617
$795,834

FAQs

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