225 9Th StEast St. Louis, IL 62201
- Commercial real estate
- 26,044 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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